Korea Post's new RFP shows appetite for passive funds
The asset owner is planning a new ETF mandate, and although passive management has won favour, several factors still make active managers relevant.
Korea Post has published a request for proposals (RFP) for a global equity exchange-traded fund (ETF) mandate for its savings unit.
The government postal agency aims to hire two asset managers for the mandate, which will be benchmarked against the MSCI ACWI, a stock index tracking the broader global equity markets.
The number of finally selected managers may change, considering the number of supported managers and evaluation results, Korea Post said in the request, published on …
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