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Stock impact report

South Korea's Retail Investors Join Craze for India Bonds [BNN Bloomberg (Canada)]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: BNN Bloomberg
Mirae Asset Management Co.'s fund dedicated to Indian debt has grown to about 32 billion won ($22.5 million) from 24 billion won at the end of last year, thanks to the first net inflow in about three years, according to Kim Jin Ha, head of the global fixed income division at South Korean money manager. “The public is growing more interested in India, unlike the past when only a few institutional investors showed interest,” he said in an interview. Kim said he's met eight securities firms and banks dealing with local retails investor this year with inquiries about India's bond market, compared with virtually none in 2023. India and US stocks have been in the spotlight, with the rally to records playing out in the backdrop of a still-nascent recovery in Chinese equities. Even Japan's retail investors, who have traditionally been inclined toward the US, are showing interest in the South Asian nation that boasts the fastest growth rate among the major economies. Wall Street Pivots Show less Read more
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