Korea Investment Corp. (KIC), South Korea's sovereign wealth fund, has posted a 9.13 percent annualized return on total assets, representing a $16.9 billion return on investments as of December 2021.
The fund had $205 billion of assets under management at the end of the year, exceeding $200 billion for the first time since its establishment in 2005.
The exposure to alternative investment increased from 15.3 percent in 2020 to 17.5 percent in 2021, and included 6.5 percent for real estate and infrastructure, according to various news sources. KIC is aiming to increase alternative assets to 25 percent of its total assets under management by 2025.
The sovereign wealth fund will seek opportunities in multifamily and life sciences assets, The Korea Economic Daily reports.
“Our sophisticated asset allocation strategy responded well to high market volatility and led to solid investment results last year,” said Seoungho Jin, CEO of KIC. “KIC will c
