South Korea’s sovereign-wealth fund made large adjustments in a few of its greatest U.S.-traded stock investments.
Korea Funding Corp. reduce investments in Alibaba Group Holding (ticker: (BA)(BA)), Apple (AAPL), and Intel (INTC) stock within the third quarter. It additionally greater than doubled its holdings of General Motors (GM) stock. KIC, because the fund is thought, disclosed the stock trades, amongst others, in a type it filed with the Securities and Alternate Fee.
KIC…
