Korea’s wealthy people set sights on Indian equities as next China

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Korea’s wealthy people set sights on Indian equities as next China - Korea Economic Daily

Quick Summary:

Returns from investments in India have been stable and consistent year after year," said a private banker at an asset management firm in the affluent Gangnam District in Seoul.“India and the US are the two top picks by rich investors here looking for handsome gains.”INDIA-FOCUSED ETFs MUSHROOMAs India has steadily delivered handsome gains, fund managers are launching more India-related exchange-traded funds (ETFs), which offer a basket of securities for investors reluctant to hand-pick their own shares.

According to industry data, India-focused funds created by Korean asset managers have seen 1.15 trillion won ($881 million) in fresh fund inflows this year, even as long-term Korean investors such as retirement pension funds are in a new “Gold Rush” in the Indian equities market.

Earlier this month, Korea Investment Management Co.debuted two active Indian ETFs investing in growth sectors – the ACE India Consumer Power Active and the ACE India Market Representative BIG5 Group Active.