November 18, 2016 - By Dolores Ford · 0 Comments
Korea Equity Fund Inc (NYSE:KEF) institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.79, from 0.71 in 2016Q1. The ratio has improved, as 5 funds opened new and increased stock positions, while 7 decreased and sold holdings in Korea Equity Fund Inc. The funds in our partner’s database now possess: 7.45 million shares, up from 7.08 million shares in 2016Q1. Also, the number of funds holding Korea Equity Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 4 New Position: 1.
Korea Equity Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $72.57 million. The Fund’s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies. It currently has negative earnings. The Fund invests in various industries, including chemicals, construction and engineering, electronic appliances and components, financing business, information and communication, healthcare products, insurance, iron and steel, other products, services, telecommunications, textiles and apparel, transportation, transportation equipment and wholesale.
About 254 shares traded hands. Korea Equity Fund Inc. (NYSE:KEF) has declined 4.92% since April 18, 2016 and is downtrending. It has underperformed by 9.35% the S&P500.
City Of London Investment Management Co Ltd holds 2.58% of its portfolio in Korea Equity Fund Inc. for 4.12 million shares. Gramercy Funds Management Llc owns 228,456 shares or 0.76% of their US portfolio. Moreover, Bulldog Investors Llc has 0.56% invested in the company for 277,704 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.36% in the stock. First Wilshire Securities Management Inc, a California-based fund reported 19,847 shares.#img1#
Korea Equity Fund, Inc. (the Fund), incorporated on September 7, 1993, is a non-diversified, closed-end investment management company. The Fundâ€™s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies.
More notable recent Korea Equity Fund Inc. (NYSE:KEF) news were published by: Marketwired.com which released: “Korea Equity Fund, Inc. Announces Adjournment of Annual Meeting to December 1 …” on October 31, 2016, also Marketwired.com with their article: “Korea Equity Fund, Inc. Announces Annual Meeting of Shareholders” published on September 21, 2016, Marketwired.com published: “Korea Equity Fund, Inc. Announces the Suspension of Merger Discussions” on September 20, 2016. More interesting news about Korea Equity Fund Inc. (NYSE:KEF) were released by: Marketwired.com and their article: “Korea Equity Fund, Inc. Announces Merger Negotiations With JPMorgan China …” published on July 19, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Korea Equity Fund announces merger negotiations with JP Morgan China…” with publication date: July 19, 2016.
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By Dolores Ford