Korea pension CIOs turning away from active
GEPS and Poba will be using more ETFs in 2019 as the higher fees associated with active management become harder to justify. And it's not just in equities; credit is also in the frame.
Passive equity products, especially exchange-traded funds (ETFs), are gaining appeal at some of Korean public pension funds just as actively managed equity funds lose theirs.
Speaking at AsianInvestor’s 13th Institutional Investment Forum Korea in Seoul earlier this month, the chief investment officers of the Government Employees Pension Service (GEPS) and Public Officials Benefit Association (Poba) said they were struggling to find active funds anywhere offering good value.
Lee…
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