National Pension Service Begins Selection of Domestic Equity Asset Managers for Second Half of the Year

Applications accepted until the 30th, followed by preliminary and oral evaluations
Final operator selection scheduled for October
Mid- to long-term excess profit generation and long-term profitability enhancement plan

The National Pension Service Fund Management Headquarters announced on the 24th that it plans to select domestic equity delegated asset managers for the second half of 2024. This selection aims to improve the medium- to long-term returns of the National Pension Fund, focusing on long-term growth and responsible investment categories.

The scale and timing of fund allocation will be determined considering the portfolio management status of the National Pension Fund and market conditions. The Fund Management Headquarters will accept fund operation records by sector until the 30th, conduct oral evaluations for candidate institutions that pass preliminary screening and on-site inspections, and finalize the delegated asset managers by October.

As of the end of June 2024, the National Pension Fund manages KRW 159 trillion, equivalent to 13.8% of the total fund assets, in the domestic equity sector, of which 51.4% is delegated to external professional institutions.

Seowon Ju, Head of the Fund Management Headquarters, stated, “Once the domestic equity delegated asset managers are selected, we expect to strengthen the execution of domestic equity delegation strategies to generate medium- to long-term excess returns,” adding, “We will continue to strive to enhance the fund’s long-term profitability.”