Franklin Templeton wins Korea pension mandate

National pension scheme outsources funds to a foreign manager for the first time.
July 04, 2001
South Korea’s $50 billion National Pension System (NPS) has just mandated Franklin Templeton Investment Trust Management (ITM), along with 12 Korean-owned institutions, a two-year contract to invest pension money, according to Michael Reed, country head.

Franklin Templeton is the first foreign-owned entity to be entrusted with NPS funds.

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