The world’s net fund assets totaled US$40.2 trillion (45,506.4 trillion won) as of the second quarter this year, down US$500 billion (566 trillion won), or 1.2 percent, from US$40.7 billion (46,072.4 trillion won) at the previous quarter, according to data released by the Korea Financial Investment Association (KOFIA) on Oct. 22.
All regions, except for the Americas, showed the decrease.
By region, Europe marked the biggest drop with US$376.8 billion (426.54 trillion won), followed by Asia-Pacific with US$170.8 billion (193.35 trillion won) and Africa with US$19.1 billion (21.62 trillion won). By contrast, the Americas showed an increase of US$86.1 billion (97.47 trillion won).
A regional breakdown of net fund assets shows that the Americas accounted for 52.03 percent of the total with US$20.91 trillion (23,673.97 trillion won). Europe came in second with US$13.73 trillion (15,543.61 trillion won), or 34.16 percent, Asia-Pacific third with US$5.38 trillion (6,094.57 trillion won), or 13.39 percent, and Africa fourth with US$166.2 billion (188.14 trillion won), or 0.41 percent.
By country, 12 countries that ranked among the top 15 in terms of net fund assets showed a drop. The three exceptions were the U.S. that showede a gain of US$231.5 billion (262.06 trillion won), the United Kingdom with a gain of US$78.4 billion (88.75 trillion won) and Sweden with US$20.5 billion (US$23.21 trillion won).
South Korea’s net fund assets totaled US$429.9 billion (486.65 trillion won), a decrease of US$11 billion (12.45 trillion won). It maintained the 13th place in the world.
By type of fund assets, bond funds went down by US$225.7 billion (255.48 trillion won), balanced funds by US$149.1 billion (US$168.78 trillion won) and money market funds by US$136.3 billion (154.29 trillion won), while stock funds rose by US$161.1 billion (182.37 trillion won).