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NPS’s stock target capitulation could come back to bite

Jolie Ho
The pension fund bowed to retail investor pressure and broadened its investment range into local stocks. Its policy reversal could set the stage for more populist pressure.
NPS’s stock target capitulation could come back to bite

On April 9 Korea’s National Pension Service (NPS) bowed to public pressure and widened the permissible investment range of local stocks in its portfolio.

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