[Daily Fund Trends] Korean Equity Funds See Net Outflow of 400 Billion KRW Over 13 Trading Days

[Asia Economy Reporter Eunmo Koo] In the domestic equity fund market, net outflows have continued for 13 consecutive trading days, with 400 billion KRW withdrawn during this period.

According to the Korea Financial Investment Association on the 1st, as of the 29th of last month, the domestic equity fund market excluding Exchange Traded Funds (ETFs) saw a net outflow of 19.6 billion KRW. Net outflows have continued for 13 consecutive trading days, totaling 404.8 billion KRW during this period. Overseas equity funds also experienced a net outflow of 27.6 billion KRW.

On the same day, the domestic bond fund market recorded a net outflow of 46.4 billion KRW. Net outflows have continued for 5 consecutive trading days, totaling 651.2 billion KRW during this period. Conversely, the overseas bond fund market saw a net inflow of 27.9 billion KRW.

As of the 29th of last month, Money Market Funds (MMFs), which are demand deposit-type products, recorded a net inflow of 2.5946 trillion KRW. The MMF assets under management amounted to 138.9405 trillion KRW, and the net asset value totaled 139.7851 trillion KRW.