KIC commits to 'all-weather' strategy in portfolio rejig

Korea Investment Corporation (KIC) plans to focus on stabilising its portfolio as it bets on continuing volatility in global markets. Lee Hoon, KIC The sovereign wealth fund last year introduced a new, so-called “strategy asset” platform with a focus on achieving stable, absolute returns, its chief investment officer, Lee Hoon, told delegates at the opening of AsianInvestor’s 15th Institutional Investment Forum Korea in Seoul on June 23. “Unpredictability is the new norm…