Kospi to hit 2,000, says Korea Investment Management

The Kospi index of blue-chip Korean companies will hit 2,000 by the end of this year, predicts Kim Young-il, chief investment officer of domestic equities at Korea Investment Management (KIM). KIM is the rebranded name of Korea Investment Trust Management Company, also known as KITMC. With $17 billion of assets under management, it is the fifth biggest Korean fund house, and a leader in domestic equities. Since KIM's equity fund has outperformed Kospi by at least 5% in the past, its e…