2020 Fund Dividend Income 22.2634 Trillion Won... 16% Increase from Previous Year

Public Funds Increase by 12.8%, Private Funds by 16.9%

[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository announced on the 18th that the amount of fund profit dividends paid last year reached 22.2634 trillion won, an increase of 16.3% compared to 2019.

Among these, public funds paid 2.9496 trillion won, and private funds paid 19.3138 trillion won, increasing by 12.8% and 16.9% respectively compared to the previous year.

The number of public funds paying dividends (2,155 funds) increased by 10.2% compared to the previous year, while the number of private funds paying dividends (14,478 funds) increased by 11.2%.

Meanwhile, last year, the amount of new public fund subscriptions increased, whereas the amount of new private fund subscriptions decreased.

The amount of new public fund subscriptions was 8.7694 trillion won, up 22.5% from the previous year, and liquidation distributions were 6.3861 trillion won, up 39.9% from the previous year. For private funds, new subscriptions amounted to 58.6326 trillion won, and liquidation distributions were 48.8058 trillion won, decreasing by 42.6% and 11.4% respectively compared to the previous year.

Although the number and amount of newly established private funds had been continuously increasing, last year the number of newly established private funds dropped from 6,438 funds in the previous year to 2,535 funds, marking a historic 60.6% decrease.

The Depository explained, "This is the result of private fund avoidance by custodians and sales companies due to the private fund insolvency incidents involving some asset management firms."

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