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South Korea's Retail Investors Join Craze for India Bonds bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The craze for India's booming bond market has reached as far as South Korea, where a bond fund that's been mostly dormant for a decade is suddenly getting lots of interest. ....
The rupee is Asias top performer this year, up 0.4% versus the dollar with the lowest volatility among emerging market currencies, according to data compiled by Bloomberg. The South Korean won has weakened 3.2% in the same period, after gaining 4.8% in the fourth quarter. ....
Mirae Asset Management Co.’s fund dedicated to Indian debt has grown to about 32 billion won ($22.5 million) from 24 billion won at the end of last year, thanks to the first net inflow in about three years, according to Kim Jin Ha, head of the global fixed income division at South Korean money manager. ....
Ravi of K-pop boy band VIXX is under the prosecution s investigation for seeking a military broker s help to manipulate his health records to be able to avoid active duty. According to local media reports, Friday, the Seoul Southern District Prosecutors Office examined phone conversations and messages the broker, surnamed Ku, exchanged with his “clients” to give them “consultations” about the illegalities, and Ravi was one of them. ....