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[Alpha Biz=(Chicago) Reporter Paul Lee] Following the National Pension Service, major overseas institutional investors such as JP Morgan and Black Rock have also recently reduced their share of KEPCO shares. Morgan Stanley, however, appears to be making an additional purchase and buying at a low price.
According to the financial investment industry on the 8th, JP Morgan, a global investment bank, reduced the number of ADR shares listed on the U.S. stock market in the first quarter from 333,064 to 281,824 shares. BlackRock, the world's No. 1 asset manager, also reduced its holdings from 2,157,958 shares to 1,715,054 shares. In addition, Vanguard Group sold 23,993 shares.
KEPCO is listed on the U.S. stock market in the form of ADR. The stock price flow is similar to that of KEPCO's main stock listed on the KOSPI. Due to the ease of investment, there are many global investments in ADR stocks listed on the U.S. stock market.
Taiwan's TSMC, China's Alibaba Group Holdings and Baidu are also listed in ADR form.
Previously, the National Pension Service also reduced the share of KEPCO shares in the domestic stock market. According to the Financial Supervisory Service's electronic disclosure system, the National Pension Service recently disposed of 3,498,803 shares of KEPCO. The National Pension Service's holding ratio of Korea Electric Power Corp. shares fell to 6.59 percent from the previous 7.14 percent.
In addition, the National Pension Service lowered the purpose of holding KEPCO shares from general investment to simple investment.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
