| 23.08.2011 - S Korea's KIC buys $78mln in BofA shares this year |
| South Korea's sovereign wealth fund Korea Investment Corp., or KIC, has purchased $78 million in Bank of America Corp. (BAC) shares this year, judging that the U.S. banking giant's shares were undervalued. KIC bought the shares since January with part of the $145 million in dividends it received from BofA, the Korean sovereign fund said in a statement issued late Monday..............................................Full Article: Source |