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South Korea's NPS To Re-Allocate FX Holding To Havens (BBG)

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BBG headlines note that "South Korea's National Pension Service will increase its holdings in FX havens, such as the Swiss franc and the U.S. dollar, in case of heightened financial anxiety as part of its plan to reduce the risk of its portfolio being exposed to FX volatility." The nation's health ministry seeks to reduce exposure to volatility surrounding matters such as Brexit and the European fiscal deficit.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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