The National Pension Service said on the 29th that, as of the end of April this year, the fund's overall return was provisionally tallied at 14.18%. Fund reserves also surpassed 1,670 trillion won. In particular, the domestic stock return was 59.71%, driving the fund's overall return.
The National Pension Service Investment Management said this through a disclosure that day. As of the end of March, the National Pension Service's overall return was 4.42%, a figure that increased by nearly 10 percentage points in just one month.
By field, domestic stocks were particularly strong. As of the end of April, the return in the domestic stock field was tallied at 59.71%.
The National Pension Service said, "With some easing of geopolitical risks in the Middle East and solid fundamentals in the semiconductor-centered artificial intelligence (AI) industry, the stock market rose," adding, "In particular, the domestic stock market maintained a double-digit rally, driving the overall return."
By sector, returns were ▲overseas stocks 8.19% ▲alternative investments 3.95% ▲overseas bonds 2.95% ▲short-term funds 0.80% ▲domestic bonds 1.74%.
The National Pension Service explained, "In the domestic stock field, with geopolitical risks in the Middle East easing and solid earnings centered on semiconductors, the double-digit rally continued, driving the fund's overall investment return," adding, "Overseas stocks turned upward on solid fundamentals."
Meanwhile, domestic and overseas interest rates rose on inflation concerns stemming from higher oil prices. The National Pension Service said domestic bonds saw lower returns due to a decline in bond valuation from rising rates, while overseas bonds posted positive returns despite higher rates, affected by factors such as a stronger exchange rate.
Most of the return on alternative investment assets came from interest and dividends and foreign exchange translation gains and losses due to exchange rate fluctuations, and the figure does not reflect fair value measurements.