National Pension Service Reports Fund Management Income of 67.4 Trillion KRW by End of September with 8% Return

[Asia Economy Reporter Dongwoo Lee] The National Pension Service's operating return rate for this year as of the end of the third quarter was tentatively estimated at 8.00%.

The National Pension Fund Management Headquarters announced on the 29th that it earned operating income of 67.4 trillion won by the end of September this year.

Of the income, 67.3 trillion won was generated from stocks, bonds, and alternative investment sectors. The remainder came from welfare and other sectors.

Among them, the overseas stock return rate recorded 22.66%, nearly three times higher than the domestic stock return rate of 8.23%.

Overseas bonds recorded a return rate of 7.60% influenced by the strong dollar, but domestic bonds recorded a loss of 1.28%.

Accordingly, the National Pension Fund reserves were counted at 918.7 trillion won, an increase of 85 trillion won compared to the end of last year.

Since the establishment of the National Pension Fund in 1988 until the end of September this year, the cumulative operating income is 507 trillion won.

The National Pension Service explained, "With the increase in COVID-19 vaccination rates, expectations for economic normalization and easing concerns over tightening due to early interest rate hikes led to favorable returns in domestic and overseas stocks."