[Daily Fund Trends] Korean Equity Funds See Net Outflow of 200 Billion KRW Over 4 Trading Days
183.1 Billion KRW Net Outflow in Bond Fund Market
[Asia Economy Reporter Minwoo Lee] The domestic equity fund market experienced net outflows for four consecutive trading days.
According to the Korea Financial Investment Association on the 3rd, as of the 30th of last month, the domestic equity fund market excluding exchange-traded funds (ETFs) saw a net outflow of 32.8 billion KRW. Since concerns about the novel coronavirus infection began to spread in earnest on the 23rd of last month, 122.6 billion KRW has been withdrawn over four trading days. Overseas equity funds also experienced a net outflow of 80.6 billion KRW as of the 30th.
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On the same day, the domestic bond fund market saw a net outflow of 43.9 billion KRW, contrasting with a net inflow of 259 billion KRW the previous day. The overseas bond fund market also experienced a net outflow of 75.6 billion KRW. Funds have been withdrawn for five consecutive trading days since the 22nd of last month. The total net outflow amounted to 183.1 billion KRW.
Money market funds (MMFs), which allow frequent deposits and withdrawals, saw a net inflow of 833.9 billion KRW. The MMF subscription amount stood at 128.948 trillion KRW, and the total net assets amounted to 129.7826 trillion KRW.
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