Mutual Finance Sees 15 Trillion Won Outflow as Stock Rally Drives Money Move

South Korea’s stock market continued its exceptional strength in the first quarter, extending the shift of funds seeking higher returns into the equity market to the mutual finance sector. About 15 trillion won reportedly flowed out of mutual finance firms during the period. The so-called money move reflects growing expectations for investment returns amid the stock market boom, with deposit-like funds moving toward shares. Mutual finance institutions tried to slow the outflow by offering special high-interest products, but the measures were not enough. As long as the stock market remains strong, the broader reallocation of funds across the financial sector is expected to stay in focus. Source: mk.co.kr