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Net assets of S. Korean investment funds edge up in November

All Headlines 16:51 December 11, 2018

SEOUL, Dec. 11 (Yonhap) – The net assets of South Korea's investment funds rose slightly last month due to an increase in stock funds amid decent stock market flows at home and abroad, data showed Tuesday.

The net assets of local investment funds came to 558 trillion won (US$493.9 billion), in November, up 0.3 percent from the previous month, according to the data compiled by the Korea Financial Investment Association (KOFIA).

During the period, the net assets of stock funds advanced 4.9 percent on-month to 79.7 trillion won, and that of bond-type funds grew 0.3 percent to 102.4 trillion won, the findings showed.

Following a market rout in October, the country's main KOSPI index managed to rebound last month to rise 3.31 percent.

Money market funds (MMFs), however, fell 5.8 percent to 104.9 trillion won, according to the data.

The total value of local investment funds' products stood at 561 trillion won as of the end of last month, down 0.2 percent from the previous month, the KOFIA said.

Net assets of S. Korean investment funds edge up in November - 1

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