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 is publicly disclosed on the website, and clearly states our investment objectives, investment principles, investment asset classes and asset allocation, and details regarding our external fund managers, risk management, performance evaluation and compliance monitoring.
In addition, guidelines including financial risk exposures are specified in the asset trust contract.
The external fund manager selection process and performance monitoring plan are defined in KIC’s internal regulations for investment management.