Sovereign wealth funds Korea Investment Corporation (KIC) announced on the 26th that it held the 32nd 'London International Financial Committee Meeting' at its London office on the 25th.
The London International Financial Committee Meeting was an event where KIC discussed the outlook for the global stock market and investment strategies for the second half of the year with Korean institutional investors, with the representative of JP Morgan's European equity strategy giving the presentation.
Mislav Matejka, the representative of JP Morgan's European equity strategy, said, 'There is a possibility that economic growth will significantly slow down from the third quarter' and noted, 'Concentrating investments in specific asset classes can be risky.'
He continued, 'If the dollar continues to weaken, domestic stocks and small- to mid-cap stocks in Europe and Japan are expected to yield relatively high revenue,' and added, 'The UK stock market is still undervalued.'
Lee Gun-woong, the head of the London office, said, 'Due to uncertainties in trade policy and geopolitical risks, the stock market is showing high volatility and rapid capital circulation.'
Meanwhile, it was reported that about 30 investment officials from the Korean government and public investment institutions, as well as domestic securities, banks, and insurance companies that have entered the local market in London attended the meeting.