养老金融周报（2025.05.26-2025.06.02）

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the market by more than 5% over the next six months [24]. Core Insights - The report highlights three significant events in the global pension sector, including the Canadian CPP's sale of its fossil energy trading platform, the Korean NPS's increase in overseas stock investments, and the UK government's legislative push for pension investments in the domestic private equity market [1][2][11]. Summary by Sections Canadian CPP's Sale of Fossil Energy Platform - On May 30, Canadian CPP Investments announced the sale of its entire 98% stake in the fossil energy acquisition platform EAP to EOG Resources for $5.6 billion. This sale does not indicate a change in CPP's investment strategy in the U.S. [6][7]. Korean NPS's Increase in Overseas Stock Investments - The Korean National Pension Service (NPS) plans to raise its overseas stock allocation target from 35.9% to 38.9% by 2026, which translates to an additional investment of approximately $26.5 billion into foreign stock markets. This strategy aims to hedge against domestic market weaknesses and enhance overall returns [9][10]. UK Government's Legislative Push for Domestic Private Equity Investments - The UK government has proposed legislation to mandate pension plans to invest in the domestic private equity market and set local investment targets. The review aims to reverse the declining trend of UK pension plans investing domestically, which has dropped from over 50% in 2012 to about 20% currently [11][12].