[Daily Fund Trends] Korean Equity Funds See Net Outflow of 190 Billion KRW Over 8 Trading Days
[Asia Economy Reporter Eunmo Koo] The domestic equity fund market experienced net outflows for eight consecutive trading days, with 190 billion KRW withdrawn during this period.
According to the Korea Financial Investment Association on the 17th, as of the 15th, the domestic equity fund market excluding exchange-traded funds (ETFs) saw a net outflow of 39.3 billion KRW. Net outflows continued for eight consecutive days, totaling 190 billion KRW during this period. The overseas equity fund market also experienced an outflow of 20.4 billion KRW.
On the same day, the domestic bond fund market reversed to net inflows after one day, with 37.1 billion KRW flowing in. The overseas bond fund market also shifted to net inflows, with 7.7 billion KRW entering.
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As of the 15th, money market funds (MMFs), which are demand deposit-type products, recorded net inflows of 1.1008 trillion KRW. The MMF balance was 126.7373 trillion KRW, and the net asset value totaled 127.6233 trillion KRW.
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