[Daily Fund Trends] Korean Bond Funds See Net Outflow of 400 Billion Won in One Day
Domestic Equity Fund Market Sees Net Inflow of 51.5 Billion KRW... 246.3 Billion KRW Entered Over 4 Days
[Asia Economy Reporter Minwoo Lee] Nearly 400 billion KRW was withdrawn from the domestic bond fund market in just one day.
According to the Korea Financial Investment Association on the 2nd, as of the 27th of last month, 391.9 billion KRW was net withdrawn from the domestic bond fund market excluding exchange-traded funds (ETFs). This contrasts with the consecutive net inflows of about 160 billion KRW on the 24th and 25th. Meanwhile, the overseas bond fund market saw a net inflow of 4.6 billion KRW.
On the same day, the domestic equity fund market recorded a net inflow of 51.5 billion KRW. This marks the fourth consecutive day of net inflows, totaling 246.3 billion KRW. Conversely, the overseas equity fund market experienced a net outflow of 6.1 billion KRW. With net outflows continuing for three trading days, a total of 114.1 billion KRW was withdrawn.
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As of the 27th, money market funds (MMFs), which allow flexible deposits and withdrawals, saw a net inflow of 1.7047 trillion KRW. The MMF subscription amount was recorded at 147.9425 trillion KRW, and the total net assets amounted to 148.9143 trillion KRW.
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