S Korea's investments in foreign securities fall 0.3% in Q1

Foreign securities invested by South Korea's monetary institutions fell 0.three % inside the very first quarter from three months earlier as regional asset managers retrieved stock fund investments amid declining share prices in emerging markets, the central bank mentioned Monday.

Foreign-currency-denominated securities held by domestic economic institutions reached an outstanding 69.7 billion dollars as of the end of March, down from 69.9 billion dollars the prior quarter, the Bank of Korea (BOK) stated in a statement.

Investments in overseas stocks contracted 1 billion dollars on- quarter to 38.9 billion dollars in the 1st quarter, but foreign bonds and so-called Korean Paper invested by nearby institutions increased by 400 million dollars every single more than the cited period, as outlined by the BOK.

Korean Paper refers to foreign-currency-denominated securities sold overseas by the South Korean government, monetary institutions or businesses.

The decline in overseas stock investments was mainly attributable to asset managers retrieving their income invested in foreign stock-typed funds amid falling share costs in emerging nations like China and Brazil, the BOK stated.

Increased purchases and investment profits contributed to increasing investments in foreign bonds and Korean Paper, the BOK added.

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