South Korea’s Sovereign Fund Earns $4 Billion Last Year

SEOUL, May 12 (Korea Bizwire) – Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, said Friday it posted US$4 billion in investment gains last year. The sovereign fund — which handles $110.8 billion in assets under management — reported a return ratio of 4.35 percent from its investments in overseas stocks and bonds for [...]