[Daily Fund Trends] 91.1 Billion KRW Net Outflow from Bond Funds
[Asia Economy Reporter Hwang Junho] Amid expectations that the U.S. tightening stance will continue, the bond fund market experienced capital outflows.
According to the Korea Financial Investment Association on the 22nd, bond funds saw an outflow of 91.1 billion KRW on the 19th. Most of this was from domestic bond funds (80.6 billion KRW). In particular, funds that had hedged through exchange-traded funds (ETFs) appeared to have withdrawn.
Equity funds recorded a net inflow of 9.4 billion KRW into overseas equity funds, resulting in a total inflow of 3.1 billion KRW. Most of these funds came through ETFs.
Money market funds (MMFs), which attract short-term funds, saw an outflow of 439.1 billion KRW in one day. As a result, the principal amount under management stood at 160.8081 trillion KRW.
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The principal amount under management was 161.2473 trillion KRW, and the total net assets were 162.6924 trillion KRW. The total net assets decreased by 41.18 billion KRW from the previous day, amounting to 162.2805 trillion KRW.
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