Thanks to the 'Creeping KOSPI,' Domestic Equity Funds Struggled... Only Overseas Equity Funds Smiled

[Asia Economy Reporter Lee Seon-ae] Last month, domestic equity funds recorded negative returns, while overseas equity funds posted favorable returns, showing contrasting results.

According to financial information company FnGuide on the 14th, the one-month return of domestic equity funds last month was -0.13%, interpreted as affected by the decline in the KOSPI. The one-month returns of domestic mixed funds and domestic bond funds barely avoided negative territory at 0.72% and 0.08%, respectively. In contrast, overseas equity funds recorded a one-month return of 1.36%. In particular, North American equity funds posted a one-month return of 2.89%, boosting the overall returns of overseas equity funds. The one-month returns of overseas mixed funds and overseas bond funds were 1.11% and 0.45%, respectively.

The difference in returns between domestic and overseas funds was also clear based on three-month returns. Domestic equity funds recorded a three-month return of 1.16%, while overseas equity funds reached 3.58%. Domestic mixed and domestic bond funds recorded 1.51% and 0.41%, respectively, while overseas mixed and overseas bond funds recorded 2.69% and 1.54%, respectively.

Hyunjoon Lee, a researcher at FnGuide’s Fund Evaluation Team, explained, "In the domestic market, returns were sluggish due to the decline in the KOSPI," adding, "On the other hand, overseas markets showed strength, especially influenced by the U.S. stock market reaching new highs." He further noted, "North American equity funds had high returns, which contrasted with Chinese equity funds, which recorded -2.04% despite having a similar total asset size." Based on three-month returns, North American equity funds achieved 11.51%, while Chinese equity funds recorded -7.91%, showing a significant gap.

The top one-month return fund among domestic equity funds was ‘Brain KOSDAQ Venture Securities Investment Trust (Mixed Stock) Type A (Brain Asset Management)’ with 8.95%. Following were ‘DB Bio Healthcare Securities Investment Trust 1 [Stock] Class C-P2E (DB Asset Management, 8.83%)’, ‘Mirae Asset Pension Korea Healthcare Securities Investment Trust 1 (Stock) Type C-Pe (Mirae Asset Management, 8.25%)’, and ‘Mirae Asset Korea Healthcare Securities Investment Trust 1 (Stock) Type A-e (Mirae Asset Management, 8.24%)’.

The top one-month return fund among overseas equity funds was ‘Fidelity India Securities Investment Trust (Stock) Type A (Fidelity Asset Management)’ with 8.38%. Following were ‘Samsung Classic China Mainland Small & Mid Cap FOCUS Pension Securities Investment Trust H [Stock]_C (Samsung Asset Management, 7.73%)’, ‘Samsung China Mainland Small & Mid Cap FOCUS Securities Investment Trust H [Stock] C4 (Samsung Asset Management, 7.70%)’, and ‘Mirae Asset India Solomon Securities Investment Trust 1 (Stock) Type A Sun (Mirae Asset Management, 7.20%)’.

Among domestic equity funds, Brain Asset Management ranked first in one-month returns for active equity fund managers with 8.96%. Following were DB Asset Management (6.57%), KTB Asset Management (4.36%), and Asset One Asset Management (4.35%). Based on three-month returns, Brain Asset Management also topped with 15.27%. For domestic equity index funds, Timefolio Asset Management ranked first in one-month returns with 4.47%, followed by Daishin Asset Management (1.95%), IBK Asset Management (1.80%), and Heungkuk Asset Management (0.49%). Mirae Asset Management (-0.13%), Hanwha Asset Management (-0.37%), BNK Asset Management (-0.37%), and Kyobo AXA Asset Management (-0.42%) all recorded negative returns, tarnishing their reputations.

Among overseas equity funds, Woori Global Asset Management ranked first in one-month returns with 2.98%, followed by Alpha Asset Management (2.71%), Franklin Asset Management (2.68%), Yuri Asset Management (2.66%), and Kyobo AXA Asset Management (2.57%). Based on three-month returns, Alliance Asset Management recorded 12.03%, ranking first.

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