KTCU to boost foreign assets by 10% this year
The Korean Teachers’ Credit Union plans to raise its foreign allocation by $750 million. Most of that will go into property via fund managers, and global equities are also set for more flows.
The Korean Teachers’ Credit Union (KTCU) plans to expand its $7 billion overseas investment allocation by around 10%, or $750 million, this year. Of that, $425 million is set to go into offshore real estate – all via external international asset managers – with a good chunk into global equities.
Chief investment officer Kang Sungseog has told AsianInvestor that KTCU intends to be more proactive in alternative investments, including hedge funds and real assets, in 2017.
The inst…
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