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South Korea pension fund opens up FX hedging limit to maximum 10%

Reuters2 years ago2 years ago04 mins

By Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero up to now, the welfare ministry said on Friday, a move expected to ease dollar demand on the onshore FX market. The fund has grown in size and…

Foreign investors cut Chinese bonds for 10th straight month in Nov

Reuters2 years ago2 years ago04 mins

SHANGHAI (Reuters) – Foreign investors continued to offload holdings in China’s onshore bonds for a 10th straight month in November, although some market watchers expect the outflow pressure to ease soon. Foreign holdings of yuan-denominated bonds traded on China’s interbank market stood at 3.33 trillion yuan ($477.3 billion) at end-November, down from 3.38 trillion yuan…

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South Korea pension fund opens up FX hedging limit to maximum 10%

Foreign investors cut Chinese bonds for 10th straight month in Nov