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Fund Manager Beating 97% of Peers Buys Korean Tech Stocks

  • Shares have right mix of growth, cyclical characteristics: Lim
  • Barings Asia Growth Fund returned 49% in the past year
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A top-performing fund manager is betting that South Korea’s technology stocks still have room to shine in an equity market that has surged more than 90% since the initial impact of the pandemic in March.

Soohai Lim, a fund manager for Barings in Hong Kong, said strong earnings growth, attractive valuations and a positive trend for chip prices bode well for the country’s equities. In addition, the shares have the right mix of growth and cyclical characteristics. He has added more Korean tech names to the Barings Asia Growth Fund, which beat 97% of its peers over the past year.