[Daily Fund Trends] Korean Equity Funds Turn to Net Inflow After 32 Trading Days... 60 Billion KRW Net Inflow
[Asia Economy Reporter Eunmo Koo] The domestic equity fund market saw a net inflow of 60 billion KRW, reversing the trend after 32 trading days.
According to the Korea Financial Investment Association on the 23rd, as of the 21st, the domestic equity fund market excluding exchange-traded funds (ETFs) recorded a net inflow of 58.2 billion KRW. This net inflow occurred after 31 consecutive trading days of net outflows starting from the 6th of last month. Meanwhile, the overseas equity fund market saw an inflow of 29.4 billion KRW.
On the same day, the domestic bond fund market experienced an inflow of 147.1 billion KRW. This marked the second consecutive trading day of net inflows, following a period during which 197.9 billion KRW had been withdrawn. The overseas bond fund market also saw a net inflow of 5.8 billion KRW.
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As of the 21st, money market funds (MMFs), which are demand deposit-type products, recorded a net outflow of 2.631 trillion KRW. The total MMF subscription amount was 147.2165 trillion KRW, and the net asset value totaled 147.885 trillion KRW.
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