Photo = Yonhap news

 

 

[Alpha Biz= Kim Sangjin] In the fourth quarter of last year (October to December), the National Pension Service (NPS) Fund Management Headquarters made significant adjustments to its domestic stock portfolio, increasing its holdings in gaming and retail sectors. The fund also raised stakes in undervalued stocks based on performance.

According to the Financial Supervisory Service's electronic disclosure system (DART) on Tuesday, the NPS increased its stake in E-Mart from 7.95% to 10.10%. The pension fund also increased its holdings in other retail-related stocks, such as Lotte Shopping, Hyundai Department Store, and Orion, indicating a strategy of buying undervalued stocks.

Additionally, the NPS increased its stake in gaming companies such as NCSoft, Shift Up, and DoubleU Games by around 1 percentage point each. The gaming sector is poised for new releases this year and is less susceptible to external uncertainties.

On the other hand, the NPS reduced its holdings in some biotech stocks such as Rigacell Bio, Vuno, ABLE Bio, and HK Innoen. It also trimmed its investments in cosmetics-related stocks like Clio, C&C International, Pharmarsearch, and Shinsegae International.

In particular, the NPS sold off a large portion of its shares in Esu Petasis, which had been embroiled in a capital increase controversy, and significantly reduced its stake in Korea Zinc, a company that saw its stock price surge during a management dispute.

As of the end of October last year, the NPS recorded an annual return of 11.34%, surpassing its long-term average annual return of 5.92% since its establishment in 1988. The strong performance was driven by overseas stock returns of 26.52%. Although domestic stock returns were -0.87%, this outperformed the KOSPI200 index, which fell by 4.8% during the same period.

 

 

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