Pension funds have shifted to net buying in the KOSPI so far this month, a reversal from the profit-taking seen through last month.
Industry watchers attribute the shift to a second-half strategy of raising domestic equity allocations, with buying concentrated in large-cap value and dividend names.
“The scale of pension buying isn’t large enough on its own to drive a sustained rally,” one asset manager cautioned.
About the author
Ji-won Park
Senior Markets Correspondent · Domestic Equities
