[Daily Fund Trends] 420 Billion KRW Net Inflow in Korean Bond Funds in One Day
[Asia Economy Reporter Minwoo Lee] 420 billion KRW flowed into the domestic bond fund market in a single day.
According to the Korea Financial Investment Association on the 3rd, as of the 31st of last month, 419.8 billion KRW was net inflowed into the domestic bond fund market excluding exchange-traded funds (ETFs). This contrasts with the previous day's outflow of 43.9 billion KRW. Overseas bond funds, which had experienced net outflows for five consecutive trading days until the previous day, also saw a net inflow of 1.8 billion KRW as of that date.
On the same day, the domestic equity fund market experienced a net outflow of 65.8 billion KRW. Net outflows had continued for five trading days since the 23rd of last month. The overseas equity fund market saw an outflow of 53 billion KRW.
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Money market funds (MMFs), which allow frequent deposits and withdrawals, experienced a net outflow of 555.3 billion KRW. The MMF balance stood at 12.83927 trillion KRW, with total net assets amounting to 12.92404 trillion KRW.
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