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Bond funds favour longer debt as S Korea's demographics hit growth

Move follows BOK statement that an ageing population can't sustain the levels of growth enjoyed a decade ago
Wednesday, January 27, 2016 - 05:50

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The government estimates the proportion of South Koreans aged 65 and above will climb from 13 per cent to 40 per cent by 2060.

Seoul

BOND funds are favouring longer debt in South Korea after the central bank said this month that an ageing population can't sustain the levels of economic growth enjoyed a decade ago.

Mirae Asset Global Investments Co and Western Asset Management Co say the 10-year yield is

sentifi.com

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