Q1 Fund Net Assets Increase by 60 Trillion Won... "Net Assets Surpass 1,000 Trillion Won"

The Korea Financial Investment Association announced on the 9th that fund net assets increased by more than 60 trillion won in the first quarter of this year, surpassing a total net asset value of 1,000 trillion won.

According to the '2024 Q1 Fund Market Trends' released by the Financial Investment Association, the total net assets of all funds at the end of the first quarter of this year recorded 1,031.3 trillion won, an increase of 59.9 trillion won compared to the end of last year.

By fund type, Money Market Funds (MMF) increased by 19.3 trillion won, equity funds by 11.4 trillion won, and bond funds by 8.2 trillion won in net asset value.

MMFs saw a net inflow of 17 trillion won during the quarter. The average net asset value (quarterly average) increased by 11.9 trillion won compared to the average of Q4 last year, reaching 204.4 trillion won, showing steady growth.

Individual and corporate MMFs increased by 900 billion won and 11 trillion won, respectively. MMFs are evaluated to have lower loss risk compared to other financial investment products and have high liquidity, leading to a steady expansion in demand from individuals and corporations to deposit surplus funds.

Equity funds experienced a net inflow of 3.2 trillion won during the quarter. The net asset value recorded 122.2 trillion won, an increase of 11.4 trillion won compared to the end of the previous year.

Equity Exchange-Traded Funds (ETFs) saw a net inflow of 4.6 trillion won. The net asset value reached 63.5 trillion won, increasing by 9.3 trillion won compared to the end of last year. This is attributed to somewhat improved domestic and overseas stock markets, resulting in favorable fund performance.

Bond funds had a net inflow of 7 trillion won during the quarter. The net asset value recorded 146.5 trillion won, an increase of 8.2 trillion won compared to the end of the previous year. Funds investing in domestic bonds saw a net inflow of 6.3 trillion won.

The net asset value recorded 139.4 trillion won, an increase of 7.5 trillion won compared to the end of last year. The industry believes this reflects investors’ choices amid growing expectations of future interest rate declines.

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