[Daily Fund Trends] Korean Equity Funds See Net Outflow of 130 Billion Won
[Asia Economy Reporter Koo Eun-mo] The domestic equity fund market turned to net outflow in just one day, with 130 billion KRW withdrawn.
According to the Korea Financial Investment Association on the 10th, as of the 8th, the domestic equity fund market excluding Exchange-Traded Funds (ETFs) saw a net outflow of 126.7 billion KRW. This marks a reversal to net outflow just one day after turning to net inflow in the previous trading day. Meanwhile, the overseas equity fund market recorded a net inflow of 100 million KRW.
![[Daily Fund Trends] Korean Equity Funds See Net Outflow of 130 Billion Won](http://www.asiae.co.kr/news/img_view.htm?img=2020090919333872223_1599647618.png)
On the same day, the domestic bond fund market also shifted to net outflow in one day, with 79.7 billion KRW withdrawn. Overseas bond funds saw an outflow of 14.5 billion KRW.
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![[Daily Fund Trends] Korean Equity Funds See Net Outflow of 130 Billion Won](http://www.asiae.co.kr/news/img_view.htm?img=2020090919333772222_1599647617.png)
As of the 8th, money market funds (MMFs), which are demand deposit-type products, experienced a net outflow of 4.1428 trillion KRW. The MMF subscription amount was recorded at 146.1352 trillion KRW, and the net asset total was 146.9788 trillion KRW.
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