(MENAFN- Qatar News Agency) Seoul May 05 - European investors led by Norway and Switzerland have increased their exposure to South Korean bonds as Korean debts are providing higher returns amid the economic recovery data showed Monday.
Investors from Norway held Korean won-denominated bonds worth 5.4 trillion won about (US$5.25 billion) as of end-March up 4.7 percent from the end of last year according to the financial watchdog.
Investors from Switzerland also saw their investment in Korean bonds reach 8.2 trillion won up 16.1 percent from the end of last year the data showed.
In the cited period the US led by Franklin Templeton Investments invested in Seoul bonds worth 18.8 trillion won as of the end of March down 6.1 percent from the end of last year according to South Korea's (Yonhap) News Agency.
The Norwegian sovereign fund Government Pension Fund Global has increased its investment in bonds sold by Asian countries including South Korea since the second half of 2012 as such debts have higher yields.
Analysts said that an increase in investment from Switzerland may be connected to its central bank's move to diversify its foreign reserve portfolio.
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