In today’s briefing:
- Korea NPS Abruptly Joins Corporate Value Up Program: According to Document Obtained from NPS
- NPS Plans to Select Three Asset Management Companies For “Corporate Value Up” Program
Korea NPS Abruptly Joins Corporate Value Up Program: According to Document Obtained from NPS
- NPS abruptly joins ‘Corporate Value Up Program’, plans to select three asset managers. Deadline: this month’s 29th; results: March 19th, possibly linked to Korea Premium Index ETF launch in mid-May.
- The document outlines guidelines, allocating 90-100% to value stocks, with KOSDAQ under 20%. While benchmarked to the internally-built index, it will likely focus on Korea Premium Index and KOSDAQ Global.
- The fund size is crucial. NPS will disclose details later. But still, there is considerable room to this year’s ceiling for local equity; a significant amount could flow into this.
NPS Plans to Select Three Asset Management Companies For “Corporate Value Up” Program
- On 21 February, NPS announced that it will select three domestic asset management companies to manage funds that will be allocated to the “corporate value up” program.
- NPS plans to accept proposals from the local asset management and investment advisory companies from 21 to 29 February. NPS is likely to finalize the selected candidates sometime in March.
- We provide a list of 34 companies where the NPS has at least 5% ownership stake, with PBR of 0.5x or less, and included in KOSPI 200.
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