18. The SWF’s investment policy should be clear and consistent with its defined objectives, risk tolerance, and investment strategy, as set by the owner or the governing body(ies), and be based on sound portfolio management principles.
18.1. The investment policy should guide the SWF’s financial risk exposures and the possible use of leverage.
18.2. The investment policy should address the extent to which internal and/or external investment managers are used, the range of their activities and authority, and the process by which they are selected and their performance monitored.
18.3. A description of the investment policy of the SWF should be publicly disclosed.
KIC’s Investment Policy statement, including objectives, risk tolerance, and investment strategy, is published on our website.
Investment Policy and Investment Process provides guidelines to the public on how the investment decision-making process (including financial risk exposures) is performed. Annual reports include portfolio management objectives.
Information about the asset portfolio and its range between external to internal management is publicly provided through our annual report.
A separate External Fund Manager (“EFM”) Guideline addresses the process by which they are selected and their performance monitored. This information is provided in our annual report.