South Korean Pension Fund's Investment Cut Likely to Reduce USD Demand -- Market Talk

Dow Jones08:26

0026 GMT - A South Korean public pension fund's decision to cut its overseas investment this year is likely to reduce its U.S. dollar demand to an estimated $37.3 billion from $56.1 billion, Citigroup economist Jin-Wook Kim writes in a note. The National Pension Service has lowered its 2026 target for overseas equities to 37.2% from 38.9% previously, according to the health ministry which oversees the world's third largest fund managing roughly $990 billion in total. The NPS has raised its domestic stock allocation target to 14.9% from 14.4%. The NPS's decision could ease the recent downward pressure on the Korean won versus the greenback. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

January 26, 2026 19:26 ET (00:26 GMT)

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