KIC to double usage of local asset managers

May 16, 2016

Korea's sovereign wealth fund will partner domestic asset managers and securities firms to invest at least $2 billion in foreign infrastructure, as part of a plan to boost the local economy.

KIC to double usage of local asset managers

Korea Investment Corporation plans to co-invest with local asset managers and securities firms to invest at least $2 billion in foreign infrastructure, in a trial move for the $90 billion sovereign wealth fund.

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