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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

KIC says no decision on BofA dividend

Posted on 23 September 2011

South Korea’s sovereign wealth fund said on Friday that it has made no decision yet on where to put dividend income from a stake in Bank of America Corp , dismissing a local report that the fund planned to increase its equity holding in the U.S. bank.
“We will decide the direction of our investment after closely monitoring the global economy and financial markets,” Korea Investment Corp said in a statement……………………………………….Full Article: Source


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