South Korea’s NPS posts 9.7% return for 2020

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has posted an annual return of 9.7 percent in 2020, according to Reuters.

In 2019, NPS logged a 11.3 percent return, its highest on record since 1999. At the end of 2020, NPS had approximately 833.7 trillion won ($750.39 billion) in assets.

The posting comes as NPS actively increases its push into real assets, having announced three major partnerships in December 2020.

“We are excited to further expand our listed real estate capability to capitalize [on] public real estate market opportunities and complement the private real estate portfolio,” noted Scott Kim, head of the real estate investment division at NPS. “Not only does this new mandate allow us to efficiently capture the potential price discrepancies between public and private real estate markets going forw