National Pension Service removes currency hedging cap

5 articles · Updated · Bloomberg · May 4

South Korea's pension fund, managing 1,610.4 trillion won ($1.08 trillion), made the change in April for its foreign investments.
The previous 15% ceiling is now treated as a baseline, giving the fund greater flexibility to hedge and influence foreign exchange markets.
The move is aimed at supporting the won, which has been weak, and reducing currency-market volatility linked to the fund's overseas capital outflows.

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