According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South Korean equity funds sold globally amounted to nearly 132 billion dollars as of June 28. (Image: Kobiz Media)
SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said.
According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South Korean equity funds sold globally amounted to nearly 132 billion dollars as of June 28.
The figure is up 400 percent compared to last year, and 250 percent from 2015.
Net inflows of emerging-nation equity funds into South Korea reached 1.9 billion dollars last week, marking the 15th consecutive week of net inflow, largely thanks to capital flows from the U.S. investment fund Global Emerging Markets.
Stock funds investing in advanced economies on the other hand experienced an inflow of 1.1 billion dollars.
Global investment funds distributed 290 million dollars to South Korea, making a capital inflow into the country for the 25th consecutive week last year.
“Many of the recent global funds have invested in the fields of health care, energy and IT in the order named, and emerging-nation equity funds don’t seem to be affected by the recent fall in international oil prices,” researcher Lee Jin-ho said.
“Countries easily affected by oil price fluctuations including Brazil, Russia and Mexico are playing an increasingly smaller role, while emerging markets are increasingly immune to fluctuations in oil prices,” Lee added.
Ashley Song (ashley@koreabizwire.com)
