Stock of The Day: Institutional Investors Lead Shift in Korea Fund Inc (NYSE:KF) Sentiment

November 18, 2016 - By Marie Mckinney   ·   0 Comments

Stock of The Day: Institutional Investors Lead Shift in Korea Fund Inc (NYSE:KF) Sentiment

Sentiment for Korea Fund Inc (NYSE:KF)

Korea Fund Inc (NYSE:KF) institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.47, from 0.78 in 2016Q1. The ratio is positive, as 7 institutional investors started new and increased positions, while 9 trimmed and sold stock positions in Korea Fund Inc. The institutional investors in our partner’s database now hold: 4.61 million shares, up from 4.39 million shares in 2016Q1. Also, the number of institutional investors holding Korea Fund Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 1 Reduced: 8 Increased: 5 New Position: 2.

The Korea Fund, Inc. is a closed-end non-diversified management investment company. The company has a market cap of $222.70 million. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. It currently has negative earnings. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

About 1,301 shares traded hands. Korea Fund Inc. (NYSE:KF) has declined 2.50% since April 18, 2016 and is downtrending. It has underperformed by 6.93% the S&P500.

City Of London Investment Management Co Ltd holds 6.12% of its portfolio in Korea Fund Inc. for 2.38 million shares. Gramercy Funds Management Llc owns 141,841 shares or 1.93% of their US portfolio. Moreover, 1607 Capital Partners Llc has 1.12% invested in the company for 508,945 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 0.52% in the stock. Pictet Bank & Trust Ltd, a Bahamas-based fund reported 8,970 shares.#img1#

KF Company Profile

The Korea Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. The Fund invests in various industries, including shipbuilding, semiconductors, metals and mining, insurance, construction and engineering, commercial banks, consumer finance, Internet software and services, electrical equipment, food and staples retailing, and diversified consumer services.

More important recent Korea Fund Inc. (NYSE:KF) news were published by: Businesswire.com which released: “The Korea Fund, Inc. Discount Management Policy” on November 16, 2016, also Businesswire.com published article titled: “The Korea Fund, Inc. Posts Report from the Portfolio Manager”, Businesswire.com published: “The Korea Fund, Inc. Announces a Public Conference Call/ Webcast with the …” on October 17, 2016. More interesting news about Korea Fund Inc. (NYSE:KF) was released by: Businesswire.com and their article: “The Korea Fund, Inc. Announces Common Stock Distribution” with publication date: December 02, 2015.

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By Marie Mckinney


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