Fund managers predict Kospi up 16.7% this year

Mercer''s annual poll of Asian-based investment managers is bullish.

South Korea's stock market is tipped to be the top performer in a region trending upward, says Mercer Investment Consulting, which is releasing its annual 'fearless forecast' survey. Polling 31 Asian-based investment managers representing $6.3 trillion of assets, the consultant finds they expect stock indices to close higher in 2004 than their level in October, 2003 when surveying commenced.

Respondents' average expectation of Korea puts the Kospi 16.7% above its October 2003 level by the end of the...

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