Seven Black Friday bargains
By Sonia Rach, 23 Nov 17
Consumers in the UK and globally will seek out bargains on Black Friday, but what about the investment world? Portfolio Adviser looks at the views of seven managers and areas in the market that they see as undervalued.
Mitchell said that he is “bullish on the prospects for Korea”, and its outlook on corporate governance reform has a part to play in its appeal.
“For a long time, minority shareholders in Korea have been negatively impacted by an unhealthy closeness between chaebol-controlled conglomerates and the government,” he said.
“This has allowed the controlling shareholders of many operationally sound companies to mismanage balance sheets and expand into areas that are not in the best interests of minority shareholders.
“However, newly elected government officials are beginning to position themselves independently of the country’s most powerful families and are implementing reform to eliminate many of the shareholder unfriendly actions that have been prevalent in the country.”