KIC to lean towards value stocks in the second half
The Korean sovereign wealth fund cut growth stocks in the technology, media and telecom sector in favour of bluechips, and is looking to Europe as the US-China spat deepens.
Korean Investment Corporation (KIC) will be eyeing value stocks in the second half of this year, continuing a successful play of pivoting from growth stocks late last year in the face of heightened volatility, according to the head of equities at the South Korean sovereign wealth fund.
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