Samsung Asset Management will introduce the Public Growth Fund to the pension fund investment pool. The intent is to offer major funds and public institutions participating in the pension fund investment pool the opportunity to commit to the Public Growth Fund.
Samsung Asset Management held a launch briefing for "Pension Fund Public Growth Fund No. 1" at the Westin Josun Hotel in Jung-gu, Seoul, on the 29th. The pension fund investment pool refers to an investment pool that manages portions entrusted from various government pensions or funds. Samsung Asset Management is the lead manager of the pension fund investment pool.
Samsung Asset Management said it has designed a fund structure dedicated to funds and public institutions participating in the pension fund investment pool, in collaboration with Korea Growth Investment Corporation (K-Growth), the operator of the fiscal mother fund, to introduce the Public Growth Fund into the pool. The newly launched Pension Fund Public Growth Fund No. 1 will diversify investments in domestic innovative companies, strategic industries, and future growth themes in line with government policy directions.
Shin Jae-gwang, head of the Pension Pool Business Division at Samsung Asset Management, said, "The Public Growth Fund will become a new investment platform that links mid- to long-term returns of pension funds with the national growth strategy," adding, "We will continue to introduce a variety of investment products that ensure public interest to vitalize the related investment platform and work to enhance the profitability of funds and public institutions and strengthen their public role."