POBA CIO reveals revised overseas investing approach
Even as the Korean pension fund re-examines the appeal of developed markets, it has ventured into its first direct emerging market investments in Asia, its CIO tells AsianInvestor.
The Korean Public Officials Benefit Association (POBA) is shifting its focus towards various developed markets due to increasing divergence in interest rate policies.
In addition, within Asia Pacific, the pension fund has ventured into Vietnam and India through dedicated equity mandates.
“While we focus solely on real estate markets, the situation in European real estate is much better than in the US in terms of supply-demand structure and interest rate monetary policy stage, as…
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