[Daily Fund Trends] Korean Bond Funds See Net Outflow of 490 Billion KRW Over 2 Trading Days
[Asia Economy Reporter Eunmo Koo] In the domestic bond fund market, net outflows continued for two consecutive trading days, with 490 billion KRW withdrawn during this period.
According to the Korea Financial Investment Association on the 24th, as of the 22nd, the domestic bond fund market excluding exchange-traded funds (ETFs) saw net outflows of 410.4 billion KRW. Net outflows continued for two consecutive days, totaling 490.3 billion KRW during this period. The overseas bond fund market also experienced outflows of 2.3 billion KRW.
![[Daily Fund Trends] Korean Bond Funds See Net Outflow of 490 Billion KRW Over 2 Trading Days](http://www.asiae.co.kr/news/img_view.htm?img=2020042317094993224_1587629389.png)
On the same day, the domestic equity fund market recorded net inflows of 11 billion KRW. In contrast, overseas equity funds saw net outflows of 6.2 billion KRW.
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![[Daily Fund Trends] Korean Bond Funds See Net Outflow of 490 Billion KRW Over 2 Trading Days](http://www.asiae.co.kr/news/img_view.htm?img=2020042317095393225_1587629393.png)
As of the 22nd, money market funds (MMFs), which are demand deposit-type products, recorded net inflows of 644.8 billion KRW. The MMF subscription amount was 142.4863 trillion KRW, and the total net assets amounted to 143.3594 trillion KRW.
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