[Asia Economy Reporter Ji-hwan Park] The National Pension Service's fund management return rate as of the end of September stood in the 4% range.
According to the Fund Management Headquarters of the National Pension Service on the 28th, the fund management return rate calculated from January to September this year was tentatively estimated at 4.17%. Since the fund's establishment in 1988, the cumulative average annual return rate has recorded 5.69% to date.
Looking at the return rates by asset class as of the end of September, domestic stocks were 8.47%, foreign stocks 3.28%, domestic bonds 2.69%, foreign bonds 6.01%, and alternative investments 3.94%.
The Fund Management Headquarters explained, "Despite the unstable global economic situation due to the COVID-19 pandemic, stable management achieved positive returns."
From the third quarter, expectations for economic recovery grew due to large-scale fiscal policies and accommodative monetary policies in major countries, leading to a turnaround and rise in both domestic and overseas stock markets, according to analysis.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
