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S.Korea's giant pension fund reports 4.75 pct return rate in 2016
February 28, 2017 / 4:49 AM / 7 months ago

S.Korea's giant pension fund reports 4.75 pct return rate in 2016

SEOUL, Feb 28 (Reuters) - South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Tuesday its 2016 provisional return rate was 4.75 percent.

The NPS said in a statement issued by its overseeing health ministry that it had 558 trillion Korean won ($493.24 billion) in assets under management as of the end of 2016. ($1 = 1,131.3000 won) (Reporting by Joyce Lee; Editing by Shri Navaratnam)

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