Korea will catch on to diversity, says Cho Jaemin

Korean investors are renowned for focusing on quick profits above long-term investments, making the country’s fund flows both unstable and, at times, unpredictable. In a day the funds market can see an inflow of $3.5 billion, only to witness it drain out again just as quickly. This is a pattern that repeats itself again and again. The first investment trust was established in Korea in 1969, although significant growth in asset managers, funds and industry assets under management (AUM)…