Large Valuation Losses

The Korea Financial Investment Association announced on April 12 that the net asset of overseas investment funds totaled 186,983.5 billion won at the end of March this year, down seven trillion won from a month earlier.

During the same period, the total size of the funds decreased from 188,090.2 billion won to 187,797.7 billion won. The net asset fell seven trillion won while the size decreased by 290 billion won, and this means the valuation losses are pretty large. During the period, the net asset of stock funds fell more than two trillion won to 17,529.6 billion won.

The net asset of overseas funds of funds fell approximately three trillion won to 28,888.8 billion won and that of derivative funds fell from 16,951.1 billion won to 15,890.4 billion won. Likewise, that of mixed asset funds decreased from 11,830.6 billion won to 11,511.1 billion won. On the other hand, the net asset of special asset funds rose from 47,489.8 billion won to 48,311.2 billion won.
 

Last month, the net asset of public funds decreased more than the net asset of private funds. Specifically, those fell approximately five trillion won and two trillion won, respectively. For reference, the sizes of the funds were about 37 trillion won and about 150 trillion won at the end of March, respectively.

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