National Pension Service increases target proportion of domestic stocks in 2026 from 14.9% to 20.8%

The National Pension Service has decided to increase its target proportion of domestic stock holdings from 14.9% to 20.8% this year.

The National Pension Fund Management Committee held the 5th National Pension Fund Management Committee meeting on the afternoon of the 28th and deliberated and decided on the ‘2027-2031 mid-term asset allocation plan’ containing these contents.

Initially, the National Pension Service’s target proportion of domestic stocks this year was 14.4%. This figure is based on the 2026 fund management plan approved in May last year.

As the ratio of investment in domestic stocks increased due to the continued rise in the KOSPI, the Fund Committee held a meeting in January of this year and raised the target proportion of domestic stocks by 0.5 percentage points (p) to 14.9%.

However, as KOSPI continues its rapid rise, the proportion of domestic stocks recorded 24.5% as of the end of February this year, already far exceeding the target.

Accordingly, the Fund Committee decided to make the target realistic by increasing the target proportion of domestic stocks to 20.8%.

The Fund explained that this was to increase the long-term profitability and stability of the fund and alleviate the market impact of rebalancing, considering the possibility of structural changes in the domestic stock market and the actual increase in the proportion of domestic stocks.