Global Funds
The Korea Financial Investment Association announced on Oct. 23 that global net fund assets increased by US$1.2 trillion between the first and second quarters of this year to reach a new high of US$32 trillion.
“This is because many stock markets around the world were bullish based on the high economic indices of advanced economies,” the association explained, adding, “Also, investors are anticipating that asset prices will go up in the wake of the quantitative easing by the Fed.”
Stock-type funds increased by US$609.3 billion to drive the overall growth and bond-type funds increased by US$309.1 billion as well. However, MMF decreased by US$378.3 billion.
By region, the net assets in the Asia-Pacific region gained 5.71 percent quarter-on-quarter, while that in Africa recorded a 5.67 percent increase. Those in Europe and the Americas rose by 3.81 percent and 3.32 percent, respectively.
Forty-one out of the 46 surveyed countries showed an upturn. The United States posted the highest increment, US$15.665 trillion, to be followed by Luxembourg (US$3.3129 trillion). Korea’s increment and total reached US$18.8 billion and US$309.1 billion each, so the country remains at the 13th place.