KIC Shares Next Year Financial Market Outlook with U.S.-Based Institutional Investors

[Asia Economy Reporter Minji Lee] KIC (Korea Investment Corporation) organized a session to forecast next year's financial market for the Korean government, public investment institutions, and private financial institutions stationed in New York, USA.

KIC announced on the 18th that it held the 32nd New York International Financial Council meeting on the afternoon of the 17th (local time) in the form of an online video conference, hosted by its New York branch. The meeting was attended by financial officers from domestic financial institutions including government officials stationed in New York, public investment institutions, securities firms, and banks.

Mike Pyle, Director and Head of Global Investment Strategy at BlackRock, also attended the meeting and gave a presentation on the topic of "2021 Global Investment Strategy."

Director Pyle stated, "As the economy reopens in 2021, pent-up demand will surge, and central banks of various countries are expected to refrain from raising interest rates for a considerable period while tolerating inflation," forecasting "an increase in the proportion of risk assets such as U.S. and Asian emerging market equities and a reduction in the proportion of developed country government bonds."

He continued, "Despite the ongoing U.S.-China trade disputes, it is necessary to increase exposure to China, whose global economic influence is expanding," and added, "From a long-term perspective, inflows of new funds into sustainable investments such as ESG investing are expected to increase."

Shin Yong-seon, Head of KIC's New York branch and organizer of the event, said, "As Korean investors' interest and proportion in overseas investments are increasing, we are striving to share high-quality overseas investment information through the New York International Financial Council," and added, "We will continue to faithfully serve as a catalyst supporting the investment activities of domestic financial institutions in the region."

Meanwhile, KIC operates international financial councils at its overseas branches located in global financial centers (New York, London, Singapore) to share excellent overseas investment information with domestic public and private financial institutions operating locally and to establish mutual cooperation systems.

This content was produced with the assistance of AI translation services.