[Daily Fund Trends] Domestic Bond Funds See Net Outflow of 1.5592 Trillion KRW Over 7 Trading Days
[Asia Economy Reporter Park Jihwan] The domestic bond fund market experienced a net outflow of 1.5592 trillion KRW over seven trading days.
According to the Korea Financial Investment Association on the 5th, as of the 31st of last month, the domestic bond fund market excluding Exchange Traded Funds (ETFs) saw an outflow of 198.6 billion KRW. With net outflows occurring for seven consecutive trading days, a total of 1.5592 trillion KRW was withdrawn during this period. Overseas bond funds also recorded a net outflow of 22.5 billion KRW.
On the same day, the domestic equity fund market saw a net inflow of 76.1 billion KRW, reversing the trend from six consecutive trading days of net outflows until the previous trading day.
The overseas equity fund market also attracted 54.6 billion KRW in funds.
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As of the 31st, money market funds (MMFs), which are demand deposit-type products, experienced a net outflow of 2.9882 trillion KRW. The MMF subscription amount was recorded at 125.8998 trillion KRW, and the total net assets amounted to 126.3212 trillion KRW.
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