National pension fund posts 9.71 pct investment return in H1

The national pension fund said Thursday it has logged a 9.71 percent investment return over the first half of 2024, with profits from overseas stocks leading the overall gains.The National Pension Service (NPS) reported that its investment return for the January-June period came to 102.4 trillion won (US$76.8 billion), with the combined value of its funds under management standing at 1,147 trillion won.By investment destination, overseas stocks posted a return of 20.47 percent, followed by South Korean shares with 8.61 percent in the first half.Overseas bonds posted an investment return of 7.95 percent, while local bonds showed a comparable figure of 1.66 percent."In the first half, U.S. tech shares showed strong performances, leading to a satisfactory investment return in domestic and overseas shares," the NPS said in a statement, noting that the strong U.S. dollar also lend a hand to the performance.Source: Yonhap News Agency