The Bank of Korea maintained its interest rates at record lows of 1.5% in its December meeting. The central bank felt the eased policy stance would assist economic growth momentum.
The Matthews Korea Fund Investor Class generally invests at least 80% of its total assets in common and preferred stocks of companies from South Korea.
The Korean won fell nearly 0.27% on August 31 on the back of weak economic data. A major fall was prevented since there was some positive bias due to strong retail sales data coming out at 1.9%.