Korea’s National Pension Service said it has been selected as the best institutional investor in the Asia Pacific region by London-based real estate magazine IP Real Estate on Friday.
The magazine annually awards best performers in real estate investment by regions and themes.
The NPS reaped 12.3 percent in annual return for alternative investments including real estate and private equity in 2015, while the average return was 4.6 percent for the total fund.
Its alternative investments in overseas markets posted 14.9 percent profitability in 2015, boosted by increased investments in Southeast Asia and the Middle East, NPS said.
The amount of alternative investments rose 17.2 percent to mark 54.7 trillion won ($46.7 billion) in 2015 from 46.7 trillion won a year earlier, it said.
By Kim Yoon-mi (yoonmi@heraldcorp.com)
