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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

S Korea sovereign fund won’t buy more Bank of America shares for now

Posted on 29 September 2011

Korea Investment Corp. has decided not to buy more Bank of America (BAC) shares for now amid increasing criticism over significant valuation losses arising from its investment in the U.S. banking giant, people familiar with the matter said Wednesday.
South Korea’s sovereign wealth fund will assess developments in global financial markets and BoA’s share price movements before making any decision, one of the people told Dow Jones Newswires……………………………………….Full Article: Source


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