[Daily Fund Trends] Over 10 Trillion Won Withdrawn from MMF Market in One Day
[Asia Economy Reporter Minji Lee] More than 10 trillion won flowed out in a single day from the money market fund (MMF) market, a short-term fund station.
According to the Korea Financial Investment Association on the 4th, as of the 30th of last month, 10.5609 trillion won flowed out of the MMF market in one day. The MMF subscription amount was 156.1437 trillion won, and the total net assets were 156.5989 trillion won.
Excluding exchange-traded funds (ETFs), 7.4 billion won flowed out of the domestic bond fund market. Over three trading days, 591.6 billion won flowed out of the bond fund market. In the overseas bond fund market, 2 billion won flowed in.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
224 million won flowed into domestic equity funds. In the overseas equity fund market, 2.95 billion won flowed in, totaling 13.22 billion won over seven trading days.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.