Weekly investors roundup: KIC eyes bonds; Canadian pension funds pave their way in India
Bonds look relatively more attractive, says KIC CEO; CPP Investments and Ontario Teachers’ Pension has increased their investments into Indian highways; and more.
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Korea Investment Corporation (KIC) will buy more bonds, joining a handful of big-name investors who see value in the beaten-down asset class.
The sovereign wealth fund, which had trimmed the bond allocation to 31.7% at the end of August, now plans to increase the ratio again, according to remarks by Chief Executive Officer Jin Seoung-ho confirmed by KIC. The fund only invests outside of South Korea.
"With a surge in rates offering carry (income) and concer…
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