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Korea: Real estate fund market grows rapidly

Posted on 11 January 2012

Korean investors, faced with a dearth of reliable assets, are shifting their eyes toward the real estate investment funds. Local real estate funds have drawn a total of 13.2 trillion won ($11.4 billion) as of Jan. 5, up from 7 trillion won recorded in September 2008, according to the data by the Korea Finance Investment Association.

The tally covers money from both public and private sector, underscoring that the trend is a reflection of a broader trend in favor of new investment instruments at a time when existing tools are saddled with low returns and gloomy outlook…………………………………….Full Article: Source


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