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[THE INVESTOR] South Korea’s stock funds are facing a net outflow for more than three weeks, losing close to 2 trillion won (US$1.78 billion), data showed on Sept. 2.
According to the Korea Financial Investment Association, domestic stock funds, excluding exchange-traded funds, recorded a net outflow of 90.7 billion won on Aug. 31 alone.
It pushed up the amount of money leaving local equity stocks to 1.93 trillion won for 23 consecutive trading days from July 29 till Aug. 31.
It marks the longest net outflow for the domestic stock funds since 2013.
Traders are apparently seeking to lock in their gains by selling off stock funds as uncertainties linger over US interest rates, association officials said.
(theinvestor@heraldcorp.com)
According to the Korea Financial Investment Association, domestic stock funds, excluding exchange-traded funds, recorded a net outflow of 90.7 billion won on Aug. 31 alone.
It pushed up the amount of money leaving local equity stocks to 1.93 trillion won for 23 consecutive trading days from July 29 till Aug. 31.
It marks the longest net outflow for the domestic stock funds since 2013.
Traders are apparently seeking to lock in their gains by selling off stock funds as uncertainties linger over US interest rates, association officials said.
(theinvestor@heraldcorp.com)
![[From the Scene] Monks, Buddhists hail return of remains of Buddhas](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/19/20240419050617_0.jpg&u=20240419175937)
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