NPS raises its allocation of domestic equities by 5.9 percent

YOON SO-YEON

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Jeong Eun-kyeong, Minister of Health and Welfare, speaks at fifth meeting of the year for the National Pension Service's National Pension Fund Management Committee at the Seoul Government Complex on May 28. [MINISTRY OF HEALTH AND WELFARE]

The National Pension Service (NPS), a major player in the domestic stock market, decided to raise its allocation of domestic equities by 5.9 percentage points this year. It also decided not to extend the temporary suspension of rebalancing measures that is applied when the domestic equity allocation exceeds its target level.

The rebalancing measure refers to the process of adjusting its asset holdings to bring its portfolio back in line with predetermined target allocations.