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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

KIC seeks strategic overseas investments to up returns

Posted on 22 October 2010

From Dow Jones: Korea Investment Corp. Thursday outlined a plan to raise its investment in strategic overseas assets as well as in non-traditional avenues to increase its returns, and its intent to hold on to its Bank of America Corp. (BAC) stake for now despite facing sharp criticism for its decision to invest in the bank.
The sovereign wealth fund, in a report to lawmakers, said it will continue to diversify its portfolio through strategic overseas investments in sectors like commodities and energy……………………………………….Full Article: Source


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