SEOUL, Feb. 26 (Xinhua) -- South Korea's institutional holdings of foreign securities rose last year on strong demand from asset managers, central bank data showed Friday.
Local institutional investors held 369.26 billion U.S. dollars of foreign stocks and bonds as of the end of December, up 41.82 billion dollars from a year earlier, according to the Bank of Korea (BOK).
It was attributed to robust demand from asset management companies, whose holdings of foreign securities jumped 39.22 billion dollars last year.
Foreign securities, owned by insurers and foreign exchange banks, grew 0.38 billion dollars and 2.38 billion dollars each, while the ownership of securities firms reduced 0.16 billon dollars.
The institutional holdings of foreign stocks and bonds gained 34.4 billion dollars and 7.73 billion dollars respectively.
The ownership of Korean Paper, or foreign currency-denominated bonds sold overseas by domestic institutions and companies, shrank 0.31 billion dollars.