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KIC to add alts, target ESG amid outlook concerns

Jolie Ho
The Korean sovereign wealth fund wants alternative assets to make up 20% of its portfolio and predicts a challenging year ahead for investing.
KIC to add alts, target ESG amid outlook concerns

Korea Investment Corporation (KIC), which expects turbulent markets next year, plans to boost its alternative asset allocation and environmental, social and governance (ESG) investments, said its chairman and chief executive Choi Hee-nam.

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