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Net Asset of Funds Substantially Decrease
The Largest Monthly Decline Recorded in March
Net Asset of Funds Substantially Decrease
  • By Jung Min-hee
  • April 6, 2020, 11:40
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The net asset of public and private funds excluding private equity funds for the purpose of participation in business fell 45.66 trillion won in March.

The Korea Financial Investment Association announced on April 2 that the net asset of public and private funds excluding private equity funds for the purpose of participation in business totaled 646,189.9 billion won at the end of last month, down 45,664.1 billion won from a month ago. The monthly decline is the largest since the association’s records began in January 2004. For reference, the amount of decrease was 31,602.6 billion won in September 2008 during a global financial crisis.

The net asset fell 6.6 percent month on month in March this year, showing the steepest decline in eight years and three months. The all-time high is 9.57 percent, which was posted in September 2008.

A total of 23,692.9 billion won flowed out of money market funds. Likewise, the net assets of stock and bond funds fell 8,980.6 billion won and 8,739.6 billion won, respectively. On the other hand, the net asset of real estate funds increased 652.8 billion won.

The net asset of public funds dropped from 271,734.1 billion won to 232,682.9 billion won while that of private funds fell from 420,119.8 billion won to 413,507 billion won. The total size of those funds reached 658,997.4 billion won at the end of March this year, down 30,293.6 billion won from a month earlier.