[Daily Fund Trends] Korean Equity Funds Switch Back to Net Outflow in One Day... 40 Billion KRW Net Outflow
[Asia Economy Reporter Eunmo Koo] The domestic equity fund market, which had turned to net inflows after 32 trading days, reverted to net outflows in just one day.
According to the Korea Financial Investment Association on the 24th, as of the 22nd, the domestic equity fund market excluding exchange-traded funds (ETFs) saw a net inflow of 40.5 billion KRW. Meanwhile, the overseas equity fund market recorded an inflow of 12.9 billion KRW. Net inflows continued for seven consecutive trading days, totaling 108.9 billion KRW during this period.
![[Daily Fund Trends] Korean Equity Funds Switch Back to Net Outflow in One Day... 40 Billion KRW Net Outflow](http://www.asiae.co.kr/news/img_view.htm?img=2020122319164183087_1608718601.png)
On the same day, the domestic bond fund market also turned to net outflows, with 64.2 billion KRW withdrawn. The overseas bond fund market experienced a net outflow of 3.4 billion KRW.
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![[Daily Fund Trends] Korean Equity Funds Switch Back to Net Outflow in One Day... 40 Billion KRW Net Outflow](http://www.asiae.co.kr/news/img_view.htm?img=2020122319164583088_1608718605.png)
As of the 22nd, money market funds (MMFs), which are demand deposit-type products, saw a net outflow of 1.1494 trillion KRW. The MMF balance was recorded at 146.0667 trillion KRW, with total net assets amounting to 146.732 trillion KRW.
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