SRI funds start to attract assets in Korea
Backed by the National Pension Service, socially responsible investment products in Korea now boast more than $3 billion in assets, and inflows are expected to continue.
It may be a drop in the ocean of Korean mutual funds, but socially responsible investment (SRI) products are starting to gather assets.
The total amount invested in Korean-domiciled SRI funds has risen to $3.3 billion, according to the Korea Sustainability Investment Forum (Kosif). The National Pension Service is a major supporter, accounting for $1.1 billion of these invested assets.
Although the sector has enjoyed rapid growth, it remains tiny, accounting for just 1% of the retail f…
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