Group 1 - Fund manager Mark Prescott is reducing holdings in Chinese and Japanese stocks while increasing investments in South Korean stocks, betting on South Korea to provide the best returns in emerging markets and Asia over the next decade [1] - Prescott expects an annual return of 11%-12% (in USD) for South Korean stocks over the next ten years, driven by technology stocks related to the AI boom and a political willingness to drive corporate reforms [1] - The South Korean composite stock index (Kospi) has risen 30% this year, making it one of the best-performing indices globally by 2025, with global funds investing approximately $3 billion in the South Korean stock market around the election of President Yoon Suk-yeol [1] Group 2 - The South Korean government is encouraging corporate governance reforms through a "value enhancement" plan, which has been positively received by Prescott, especially with recent legislative changes aimed at addressing long-standing concerns about minority shareholder rights and the dominance of family-run conglomerates [4] - South Korea's weight in the MSCI Emerging Markets Index is less than 11%, compared to China's 26%, making South Korea more attractive relative to China [4] - Prescott highlights that South Korea has similar valuation attractions to China but with stronger fundamentals, lacking the burdens of a real estate sector and uncertainties around shareholder governance [4] Group 3 - Prescott is optimistic about specific stocks like SK Hynix and Samsung Electronics, which are crucial manufacturers of high-bandwidth memory chips essential for AI, and notes their undervaluation [4] - Despite potential risks in aligning corporate behavior with government plans, the new government’s commitment to fiscal reforms is expected to benefit consumers and the banking sector [5] - Prescott views the current situation as the beginning of a journey for South Korea as an investment theme, suggesting that the potential for capital flow and revaluation is just the tip of the iceberg [5]
减持中日！晨星基金押注韩国市场 看好十年回报率超10%
智通财经网·2025-07-09 03:42