[Daily Fund Trends] Domestic Bond Funds See Net Outflow of 390.6 Billion KRW Over 2 Trading Days
[Asia Economy Reporter Park Jihwan] In the domestic bond fund market, funds worth 400 billion KRW were withdrawn over two trading days.
According to the Korea Financial Investment Association on the 3rd, as of the 1st, excluding exchange-traded funds (ETFs), 28 billion KRW was withdrawn from the domestic bond fund market. With net outflows continuing for two consecutive trading days, 390.6 billion KRW was withdrawn during this period. On the same day, the overseas bond fund market also saw a net outflow of 11.4 billion KRW.
On the same day, the domestic equity fund market experienced a net outflow of 9.3 billion KRW. The overseas equity fund market also saw a net outflow of 14.1 billion KRW. With net outflows continuing for five consecutive trading days, 37.5 billion KRW was withdrawn during this period.
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As of the 3rd, money market funds (MMFs), which are demand deposit-type products, saw a net inflow of 1.1845 trillion KRW. The MMF subscription amount was recorded at 153.2308 trillion KRW, and the net asset total was 154.1919 trillion KRW.
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