KOREA - The $37bn Korea Investment Corporation has chosen three FTSE non-capitalisation weighted indexing strategies making it the first Korean institutional investor to take this route, according to the FTSE Group.
Scott Kalb, chief investment officer of the sovereign wealth funds said: "We are pleased to welcome FTSE into the KIC family of external partners and we look forward to building a productive relationship. We believe the FTSE index strategies that we have selected will help to further diversify and thereby improve our public markets investment programme."
According to the 2010 annual report, over 90% of the KIC's assets were allocation to the public markets investment programme. Exactly which three strategies the KIC is using were not released.
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