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Net assets of S. Korean investment funds rise 9.6 pct in 2018

Finance 15:05 January 10, 2019

SEOUL, Jan. 10 (Yonhap) -- The net assets of South Korea's investment funds rose 9.6 percent on-year in 2018, due to growth in the real estate sector, data showed Thursday.

The net assets of local investment funds came to 544.3 trillion won (US$486.6 billion) last year, up 37.4 trillion won from 2017, according to data compiled by the Korea Financial Investment Association (KOFIA).

Net assets of S. Korean investment funds rise 9.6 pct in 2018 - 1

Last year, the net assets of funds that were invested in properties and other real assets jumped 24.2 percent on-year to 147.4 trillion won, the data showed.

However, the net assets of money market funds fell by 7.7 trillion won to 90.3 trillion won, while that of stock funds declined by 2.7 trillion won to 79.9 trillion won.

South Korea's main stock index slipped about 17 percent last year, marking its worst performance since 2008.

The stock market remained bearish over monetary policy tightening in advanced economies, and an ongoing trade war between the United States and China.
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