[Daily Fund Trends] 550 Billion KRW Net Outflow in Korean Bond Funds in One Day

Maximum Daily Net Outflow Since March

Bond Fund Market Capital Inflow and Outflow Trends (Source: Korea Financial Investment Association)

[Asia Economy Reporter Minwoo Lee] More than 550 billion KRW flowed out of the domestic bond fund market in a single day.

According to the Korea Financial Investment Association on the 2nd, as of the 29th of last month, 553.1 billion KRW was net withdrawn from the domestic bond fund market excluding exchange-traded funds (ETFs). This marks two consecutive trading days of net outflows following 12.2 billion KRW on the 28th. This is the largest single-day net outflow since March 30, when the economic downturn caused by the novel coronavirus disease (COVID-19) peaked, with 1.7159 trillion KRW withdrawn. The overseas bond fund market also saw a net outflow of 1.9 billion KRW.

Trends in Inflows and Outflows of Equity Funds Market (Source: Korea Financial Investment Association)

On the same day, 19.1 billion KRW was withdrawn from the domestic equity fund market, marking two consecutive days of net outflows following 7.6 billion KRW the previous day. Conversely, the overseas equity fund market experienced a net inflow of 34.1 billion KRW. This marks six consecutive trading days of net inflows since the 22nd, totaling 198.2 billion KRW.

Meanwhile, as of the 29th of last month, money market funds (MMFs), which are demand deposit-type products, saw a net inflow of 2.0892 trillion KRW. The MMF subscription amount was recorded at 151.0264 trillion KRW, and the net asset total was 151.9237 trillion KRW.

This content was produced with the assistance of AI translation services.