S Korea pension fund NPS opens up forex hedging limit to maximum 10%

S Korea pension fund NPS opens up forex hedging limit to maximum 10%

The logo of the National Pension Service (NPS) is seen at its branch office in Seoul, South Korea, November 4, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korea’s mammoth National Pension Fund (NPS) will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero at present, the welfare ministry said on Friday.