Korea Post’s insurance unit is looking for two active-type Europe stock investment houses for a two-year investment period, according to its request for proposal issued on May 29.
The state-run agency will receive applications for the mandates by 6 p.m., June 7 (Seoul time) and finalize its selection on July 12.
Qualified fund managers must have at least three-year track records of active Europe equity funds as of end-December 2016, and the fund must have a minimum $500 million in AUM.
Selected fund houses will be required to set up managed accounts with Korea Investment Management Co. Ltd., a global equity investment advisor of Korea Post.
Korea Post did not disclose the allocation for the mandates.
<Edited by Yeonhee Kim>