Korea Pension Fund to Boost Domestic Stock Weighting

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KOREA - South Korea's National Pension Service plans to spend a net KRW6.9trn (US$5.6bn) boosting its domestic equity allocation next year, predicting gains as growth in the country outpaces the global economy.

The nation's biggest investor will increase the weighting for domestic stocks to 18% of assets in 2011 from 16.6% planned this year, and lower the weighting for bonds, the Ministry for Health, Welf...

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