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 new year in other words, the average response puts it hitting 913 in December, with predictions ranging from 1,010 to 831. The Kospi stood at 782 when the survey began, and closed yesterday Monday at...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222