Why Korea's KIC is speeding up alternatives allocation
The sovereign wealth fund surpassed $200 billion for the first time since its inception and is planning to increase alternatives allocation to 25% of its portfolio by 2025.
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The Korea Investment Corporation (KIC) reached $205 billion in assets under management, and is planning to bring its 25% alternatives allocation target forward by two years, a spokesperson confirmed with AsianInvestor.
Alternative assets increased to 17.5% of KIC’s total portfolio at the end of 2021, up from 15.3% a year earlier, and posted 8.83% for an annualised return since inception. The annualised return for private equity was 11.33%, with real estate and infrastructure at 7.…
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