Korea police fund seeks loan funds and infrastructure projects: report
Mar 21, 2018 (Gmt+09:00)
The Police Mutual Aid Association (PMAA), a $2 billion retirement fund for South Korea’ polices officers, will ramp up investment in loan funds and infrastructure projects in search of high-yielding, inflation-hedging assets and allocate 247.2 billion ($231 million) to new alternative investments in 2018, its chief investment officer told a local news media.
New alternative investments will make up 67% of its total fresh investment of 368.8 billion won planned for this year, followed by fixed-income assets (30%), online news provider edaily reported last week.
At end-2017, alternative investments represented 51% of PMAA’s AUM of 2 trillion won. (see table below)
Edited by Yeonhee Kim
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