SEOUL, March 10 (Korea Bizwire) — South Korean investors are scrambling to pour their money into short-term investment funds amid greater stock market volatility stemming from the coronavirus outbreak, data showed Tuesday. The net asset value of money market funds (MMFs) stood at 143.6 trillion won (US$119 billion) as of end-February, up 15.2 trillion won [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean investors have pulled about 40 trillion won (US$37.7 billion) out of money market funds (MMFs) over the past seven months as they sought higher returns in stock and property markets, data showed Friday. Outstanding MMFs totaled 99.3 trillion won as of Tuesday, compared with 138.8 trillion won [...]
SEOUL, Aug. 9 (Korea Bizwire) – South Korean investors have been putting a large amount of money in high-return bond funds amid weak economic growth this year, with stock funds suffering a massive outflow, data showed Tuesday. According to the data by fund researcher Zeroin, local investors added a net 5.87 trillion won (US$5.3 billion) [...]
SEOUL, May 9 (Korea Bizwire) – Investors have increasingly shifted their money into short-term financial instruments such as money market funds this year as the stock market remains sluggish amid low interest rates, data showed Saturday. Money market funds (MMFs) are short-term debt securities such as Treasury bills and commercial papers. They are widely considered [...]