30.03.2011 - China funds set to rise in Korea
“Chinese capital is not following short-term market trends but is related to a decision by China Investment Corporation, the Chinese sovereign wealth fund, to designate a local asset management firm to operate a fund to solely invest in the Korean market,” Park So-yeon, an analyst at Korea Investment & Securities, said in a report. Oh Seung-hoon, an analyst at Daishin Securities, said it was significant that CIC created a fund to solely invest in Korea. “It means they highly evaluate the Korean capital markets along with other major emerging markets in India and Brazil.”...........................................Full Article: Source
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