[Daily Fund Trends] Korean Bond Funds See Net Outflow of 320 Billion KRW Over 3 Trading Days
[Asia Economy Reporter Eunmo Koo] In the domestic bond fund market, net outflows continued for three consecutive trading days, with 320 billion KRW withdrawn during this period.
According to the Korea Financial Investment Association on the 21st, as of the 17th, 136.9 billion KRW was withdrawn from the domestic bond fund market excluding exchange-traded funds (ETFs). Net outflows continued for three consecutive trading days, totaling 321.9 billion KRW during this period. On the other hand, overseas bond funds saw a net inflow of 9.1 billion KRW.
On the same day, the domestic equity fund market experienced a net outflow of 35.5 billion KRW. Net outflows have continued for 30 consecutive trading days since the 6th of last month. Conversely, the overseas bond fund market recorded a net inflow of 7.6 billion KRW.
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As of the 17th, money market funds (MMFs), which are demand deposit-type products, saw a net outflow of 177.1 billion KRW. The MMF balance was recorded at 152.1958 trillion KRW, with total net assets amounting to 152.9048 trillion KRW.
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