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Poba chops its global equity exposure by 40%

Ernest Chan
The Korean pension fund has sharply reduced its allocation to global equities this year in pursuit of an absolute return strategy.
Poba chops its global equity exposure by 40%

Korea’s Public Officials Benefit Association (Poba) has reduced its allocation to global equities by 40% since the end of 2017, as it sheds assets seen vulnerable to increased market volatility.

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