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Sovereign Wealth Funds Briefing - Categorized | Investment

Korea sovereign fund mulls upping Bank of America stake

Posted on 26 September 2011

South Korea’s sovereign wealth fund is considering investing the remainder of a dividend it received from Bank of America Corp. to increase its stake in the U.S. banking giant from 0.67% now, and will address its investment plans at a meeting Wednesday, people familiar with the matter said Friday.
Word of the possible investment comes after Korea Investment Corp., which invests funds from the Ministry of Strategy and Finance and the Bank of Korea, reinvested $78 million of the $145 million in dividends it has received from Bank of America in several transactions earlier this year……………………………………….Full Article: Source

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