Korea’s strange new market trendsetters
The herd-like nature of investment in Korea has seen two investment advisory companies become the benchmark for portfolio managers, but questions about performance linger.
In the Korean stock market, there is usually a leader – one or a small handful of portfolio managers whose performance wows the rest of the pack. Right now, arguably that role is being held by a pair of investment advisory companies, essentially brokerage-type, private investment schemes. And questions are arising as to their investment skills.
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