[Daily Fund Trends] Domestic Equity Funds See Net Outflow of 350 Billion KRW Over 7 Trading Days
[Asia Economy Reporter Minji Lee] The domestic equity fund market experienced net outflows for seven consecutive trading days.
According to the Korea Financial Investment Association on the 11th, excluding exchange-traded funds (ETFs), 66.1 billion KRW was withdrawn from the domestic equity fund market as of the 9th. Net outflows continued for seven consecutive trading days, totaling approximately 356.3 billion KRW during this period.
On the same day, the overseas equity fund market also saw net outflows for 11 consecutive trading days. A total of 135.4 billion KRW was withdrawn during this period.
In the domestic bond market, 233.9 billion KRW was withdrawn. Although 53.2 billion KRW had flowed in over the previous two trading days, it switched to net outflows in just one day. The overseas bond fund market also experienced net outflows of 27.8 billion KRW.
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As of the 9th, money market funds (MMFs), which allow flexible deposits and withdrawals, saw net outflows of 3.1168 trillion KRW. The MMF balance was recorded at 151.9025 trillion KRW, with total net assets amounting to 152.8366 trillion KRW.
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