In the Aussie press today, an article in the Australian Financial Review saying Australian infrastructure and real estate investment will be a target for South Korea’s $US405 billion($433.4 billion) sovereign pension fund over the next five years as the fund significantly cranks up its offshore investments.

  • Head of investment strategy at the National Pension Service (NPS), Yoon Pyo Lee, said the fund planned to lift its total offshore investments by $US159 billion to $US237 billion over the next five years
  • NPS is the fourth-biggest sovereign pension fund in the world
  • More importantly it sets the investment allocation benchmark for all other large pension funds in Korea

More at the Australian Financial Review article, which appears to be ungated.

h/t for the link to you-know-who-are