S Korean asset manager starts equity fund for locals amid anti-Japan movement

Seoul, South Korea. Photo by Sunyu Kim on Unsplash

After Japan waged a trade war against South Korea last month, an asset manager in Seoul was quick to turn the tensions into an investment strategy.

NH-Amundi Asset Management, which manages about 40 trillion won ($33 billion) of assets, has launched a Korean equity fund that invests in local suppliers that may benefit from Japan’s restrictions on exporting some key materials and parts to Korea. The firm sees rising public angst in South Korea over the trade curbs and said it will donate part of the investment fees to the local institutes that develop the industries affected.

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