Samsung stock rout fails to deter foreign investors

Seoul

THE debacle that sent Samsung Electronics Co to its biggest three-day stock rout since 2012 isn't scaring TT International (HK) Ltd and Skagen AS from South Korea's biggest company.

"Samsung offers exceptional value; we have added to our position," said Duncan Robertson, a portfolio manager at TT International, whose Asia Pacific Equity Fund beat 90 per cent of peers over the past year with a 21 per cent annual return. "The battery issue can only be a long-term threat if the company doesn't take the correct steps to restore its brand. We have confidence that they have taken the correct steps so far."

Foreign investors are braving the widest share volatility in five years after a three-day rout shaved about …