[Daily Fund Trends] Korean Equity Funds Turn to Net Inflow After One Month
Net Inflow of 23 Billion on the 31st of Last Month... First Since the 6th of the Same Month
[Asia Economy Reporter Minwoo Lee] The domestic equity fund market shifted from net outflow to net inflow after about a month.
According to the Korea Financial Investment Association on the 3rd, as of December 31 last year, the domestic equity fund market excluding exchange-traded funds (ETFs) saw a net inflow of 23 billion KRW. This marks a return to net inflow after about a month since the 6th. During this period, approximately 427.3 billion KRW had flowed out. On the same day, overseas equity funds recorded a net inflow of 21.3 billion KRW.
Meanwhile, the domestic bond fund market experienced a net outflow of 357.6 billion KRW. Over four consecutive trading days since the 26th of last month, a total of 969.5 billion KRW was withdrawn. In contrast, the overseas bond fund market saw a net inflow of 46 billion KRW, continuing a net inflow streak for three consecutive trading days since the 27th of last month.
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On the 31st, money market funds (MMFs), which are demand deposit-type products, recorded a net outflow of 4.6224 trillion KRW. The MMF subscription amount stood at 104.8606 trillion KRW, and the total net assets amounted to 105.614 trillion KRW.
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