[Daily Fund Trends] Stock-Type Funds See Net Outflow of 115.4 Billion KRW Amid Market Decline

[Asia Economy Reporter Hwang Junho] The KOSPI has been on a downward trend for five consecutive trading days since the 17th, and on the 22nd, 115.4 billion KRW was withdrawn from the equity fund market.

According to the Korea Financial Investment Association on the 24th, 115.4 billion KRW flowed out of the domestic equity fund market, including exchange-traded funds (ETFs). Most of the outflow came from domestic equity funds (-118.5 billion KRW). Notably, domestic equity funds excluding ETFs saw a net inflow of 1.4 billion KRW, indicating that the funds withdrawn were primarily from ETFs.

The withdrawn funds flowed into bond funds. Bond funds recorded a net inflow of 99.8 billion KRW. Domestic bond funds received 102.2 billion KRW. Excluding ETFs, total bond funds experienced a net outflow of 23 billion KRW, and domestic bond funds had a net outflow of 12.6 billion KRW, suggesting that most of the funds were concentrated in ETFs.

Money market funds (MMFs), where short-term funds are held, saw an inflow of 570.7 billion KRW in one day, bringing the principal amount to 161.3788 trillion KRW. The total net assets increased by 58.87 billion KRW to 162.8692 trillion KRW.

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