(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] The National Pension Service (NPS) has earned more than 20 trillion won in just six months from direct investments in U.S. stocks, driven by investments in the top U.S. tech stocks that surged due to the AI boom.

Despite the significant decline in the stock prices of major tech stocks, known as the M7 group, amid concerns over an AI bubble earlier this year, the stocks have rebounded following the anticipated September interest rate cut by the U.S. Federal Reserve.

According to a filing with the U.S. Securities and Exchange Commission (SEC) on August 22, NPS's direct investment portfolio in U.S. stocks increased by approximately 20 trillion won in the first half of the year.

As of the end of Q2, the value of NPS's direct investments in U.S. stocks stood at $87.03422 billion (approximately 116.1036 trillion won). This represents a 21% increase from $71.81125 billion (about 95.7962 trillion won) at the end of Q4 last year, marking an increase of $15.22297 billion (about 20.3104 trillion won).

 

 

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