[Daily Fund Trends] Korean Equity Funds See Net Outflows for 6 Consecutive Trading Days
[Asia Economy Reporter Minwoo Lee] The domestic equity fund market experienced net outflows for six consecutive trading days.
According to the Korea Financial Investment Association on the 5th, as of the 3rd, the domestic equity fund market excluding exchange-traded funds (ETFs) saw a net outflow of 24.1 billion KRW. Net outflows continued for six consecutive trading days since the 23rd of last month, totaling 212.5 billion KRW. The overseas equity fund market experienced a net outflow of 35.2 billion KRW, marking four consecutive trading days of net outflows.
On the other hand, on the same day, the domestic bond fund market recorded a net inflow of 36.7 billion KRW. Following an inflow of 419.8 billion KRW the previous day, funds flowed in for two consecutive days. The overseas bond fund market also saw a net inflow of 4.8 billion KRW, marking two consecutive days of net inflows.
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Money Market Funds (MMFs), which allow for on-demand deposits and withdrawals, increased by 1.2105 trillion KRW compared to the previous day. The MMF subscription amount was recorded at 129.6033 trillion KRW, and the total net assets amounted to 130.4613 trillion KRW.
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