Table 4 Risk tolerance Risk tolerance... | Emerald Publishing

Table 4

Risk tolerance

Risk tolerance	Maximum risk asset allocation	Target funds
Shortfall Risk (1 year, principal) ≤ 1	5% or less	Agricultural Credit Guarantee Fund, Industrial Base Credit Guarantee Fund, Credit Guarantee Fund, Media Promotion Fund, Housing Finance Credit Guarantee Fund, Local Newspaper Development Fund
Shortfall Risk (1 year, principal) ≤ 5	10% or less	State-owned property management fund, agricultural land management fund, culture and arts promotion fund, lottery fund, fisheries development fund, national housing and urban fund
Shortfall Risk (1 year, principal) ≤ 10	20% or less	Military Pension Fund, Agricultural Price Stabilization Fund, Trade Insurance Fund, Radioactive Waste Management Fund
Shortfall Risk (5 years, CPI) ≤ 15	60% or less	National Pension Fund, Public Employees' Pension Fund, Employment Insurance Fund, Industrial Accident Compensation Insurance and Prevention Fund, Wage Claim Guarantee Fund, Teachers' pension

Risk tolerance	Maximum risk asset allocation	Target funds
Shortfall Risk (1 year, principal) ≤ 1	5% or less	Agricultural Credit Guarantee Fund, Industrial Base Credit Guarantee Fund, Credit Guarantee Fund, Media Promotion Fund, Housing Finance Credit Guarantee Fund, Local Newspaper Development Fund
Shortfall Risk (1 year, principal) ≤ 5	10% or less	State-owned property management fund, agricultural land management fund, culture and arts promotion fund, lottery fund, fisheries development fund, national housing and urban fund
Shortfall Risk (1 year, principal) ≤ 10	20% or less	Military Pension Fund, Agricultural Price Stabilization Fund, Trade Insurance Fund, Radioactive Waste Management Fund
Shortfall Risk (5 years, CPI) ≤ 15	60% or less	National Pension Fund, Public Employees' Pension Fund, Employment Insurance Fund, Industrial Accident Compensation Insurance and Prevention Fund, Wage Claim Guarantee Fund, Teachers' pension

Source(s): Author's work [The author's classification is based on the Ministry of Economy and Finance data archive and IPS (Investment Policy Statement) of each Fund. This data is public and available to anyone.]