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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Korea Investment Corp to buy more Bank of America shares - Reports

Posted on 23 September 2011

South Korea’s sovereign wealth fund plans to buy more Bank of America (BAC) shares, several local media reported Friday, citing its chief executive Choi Chong-suk.
“The (Bank of America) shares seem to have hit the bottom. I’m sure they will rise, though it may take some time,” Choi told reporters in Washington, adding that KIC will hold a meeting Wednesday to make the final investment decision………………………………………Full Article: Source


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