Business · Markets · 2 hrs ago
South Korea’s National Pension Fund Cut KOSDAQ Stakes in Third Quarter
South Korea’s National Pension Fund reduced its stakes in KOSDAQ-listed companies in the third quarter.
That reversed a first-quarter increase in holdings, which had focused on materials, components and equipment companies.
The fund cut holdings in semiconductor and electronic-parts companies.
It increased holdings in petrochemical and construction companies, sectors described as traditional KOSPI industries.
The changes were identified from the fund’s disclosure of major shareholdings, published on October 8.
The information gives a snapshot of how the fund’s stock holdings shifted during the quarter.
South Korea’s National Pension Service reduced its stakes in KOSDAQ-listed companies in the third quarter.
The move reversed a first-quarter increase in holdings, which had focused on materials, components and equipment firms.
The fund reduced stakes in semiconductor and electronic-parts companies.
It increased stakes in petrochemical and construction companies, described as traditional KOSPI sectors.
- Who
- South Korea’s National Pension Service.
- What
- It reduced its stakes in KOSDAQ-listed companies in the third quarter.
- When
- The third quarter; the fund’s disclosure was published on October 8.
- Where
- KOSDAQ-listed companies in South Korea.
- Why
- The reason for the changes is not stated.
This story does not have two clearly opposing sides.
The fund increased stakes in KOSDAQ companies, mainly in materials, components and equipment.
The fund reduced stakes in KOSDAQ-listed companies and shifted its sector holdings.
The fund disclosed its third-quarter major shareholding details.
- Fund
- South Korea’s National Pension Service
- Period
- Third quarter
- Earlier trend
- First-quarter increases focused on materials, components and equipment
- Reduced holdings
- Semiconductor and electronic-parts companies
- Increased holdings
- Petrochemical and construction companies
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