S. Korea's sovereign fund books investment return of 11.6 pct last year

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sovereign fund-investment return

S. Korea's sovereign fund books investment return of 11.6 pct last year

By Kim Na-young

SEOUL, Feb. 5 (Yonhap) -- South Korea's sovereign wealth fund said Monday it reported an 11.6 percent return on investment last year, fueled by gains in stock and bond investments.

The Korea Investment Corp. said its return on investment in stocks and bonds stood at 14.3 percent last year. In particular, it booked a 22.4 percent return on stock investment.

In 2022, the fund posted a minus 14.4 percent return on investment.

As of the end of last year, the fund's total assets under management rose by US$20.1 billion to $189.4 billion.

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