POBA tweaks asset strategy to focus on income generation

South Korean pension fund the Public Officials Benefit Association (POBA) has adjusted its strategic asset allocation for a year of ongoing global economic uncertainty. Huh Jang, POBA According to Huh Jang, POBA's chief investment officer, asset owners are navigating unchartered waters and an unprecedented market environment, requiring them to brace for the impacts of negative market developments and worsening fundamentals. Huh has asked his teams to reconsider their por…