South Korea Small-Cap Index Hit by Record Foreign Inflows: Chart
(Bloomberg) -- Foreign investors just can’t seem to get enough of South Korean stocks. The Kosdaq Index -- the nation’s small-cap gauge -- is seeing record inflows from overseas investors this month, with net purchases already reaching 210 billion won ($191 million). Speculation that the country’s biggest pension fund may add companies listed on the Kosdaq to its portfolios may be driving demand, said Paul Kim, chief investment officer for equities at Eastspring Investments. National Pension Service said in a statement Thursday that it hasn’t yet decided whether it will buy more Kosdaq stocks.
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