South Korea, is one of the most technically advanced nations in the world. It is home to names like Samsung, Hyundai, LG to name just three household names.
It is also home to the 3rd largest pension fund, the National Pension Fund of Korea.
With US $429,794 million under management. That is £301,200 million, which is £301 Billion.
It is the largest investor in Korea, just look at the top ten holdings in Korean Shares:-
It’s top ten holdings in International companies are:-
WELLS FARGO & CO
ROCHE HOLDING AG
JPMORGAN CHASE & CO
JOHNSON & JOHNSON
It’s top ten holdings on fixed income investments are:-
UNITED KINGDOM 3.250% 01/22/2044
UNITED STATES 3.125% 08/15/2044
UNITED STATES 4.500% 02/15/2016
JAPAN 1.200% 12/20/2020
JAPAN 0.800% 06/20/2023
JAPAN 0.300% 09/20/2018
JAPAN 0.200% 12/20/2017
UNITED STATES 3.375%
UNITED STATES FLOATING
UNITED STATES 4.500%
Yes, it holds UK Gilts, paying 3.25% each year until 2044, that is its top holding in bonds.