The US and China provide some benefit to Korean corporates, Hyung Jin Lee, head of Asian equities, wrote in a recent research note. As the US economy expands, Korean exports should pick up. Another tailwind is the increasing number of Chinese tourists visiting the country. “In 2014, Chinese residents visited Korea more than any other […]
Category: Rest of APAC
Manulife adjusts Korea, India holdings
“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]
Central bank action would boost cheap Korean equities
About 50% of Korea’s GDP is dependent on exports, which have been declining this year, according to Aidan Yao, senior emerging market economist at Axa Investment Managers. Weak external demand from the US is one reason why exports are falling. Also, Korean companies are strong competitors with their Japanese counterparts and the strengthening of the […]
Northern Trust sets up sales and client service team in Australia
The firm said it has hired BlackRock’s former vice president, Shane Teunissen, as senior institutional sales manager. Teunissen has more than 14 years of industry experience working across Australia and New Zealand. In addition to Teunissen’s appointment, the firm has named Ann-Marie Garry as sales associate. She joined Northern Trust following its acquisition of Bank […]
MandG bullish on Korean market
Korean equities are increasingly cheap and attractive, but mainly because all the surrounding markets have become very expensive, explained Robert Secker, M&G Investments emerging markets equity investment specialist.
Most Korea funds struggled in 2014
Only two Korea-focused funds over the past 12 months have reported positive returns, according to data from FE.
Neuberger Korea pact
Neuberger Berman has entered into a partnership with Samsung Securities and its affiliate Samsung Asset Management to expand its product offerings in South Korea.
Nikko AM to launch new products in Australia
Nikko Asset Management is planning to offer new products to institutional and retail clients through its local subsidiaries in Australia and New Zealand.
Neuberger registers nine UCITS funds in Korea
Neuberger Berman has expanded its UCITS fund range in Asia by registering nine of its funds in South Korea.
Threadneedle expands ops in Korea
Threadneedle Investments has set up a representative office in South Korea and has poached Samsung Asset Management’s Chris Lee as Korea chief representative.
