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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

KB Asset Management teams up with Sprott for US$30m investment

By 황유미

Published : Oct. 19, 2016 - 10:02

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[THE INVESTOR] KB Asset Management announced on Oct. 18 that it will jointly invest US$30 million in senior loans to Canadian mine developers with three homegrown institutional investors.
KB Asset Management will create the fund and its Canadian counterpart Sprott, with a specialty in natural resources investing, will manage the portfolio.
This is the first time a South Korean investor is financing overseas mining.
The investment period is five years and the expected annual rate of return is 8 percent.
By Hwang You-mee (glamazon@heraldcorp.com)

KB Asset Management teams up with Sprott for US$30m investment

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