Only Exceptions
The global fund amount dropped in the third quarter of last year, with the only exceptions being Korea and China.
The Korea Financial Investment Association announced on Feb. 10 that the global fund amount decreased by 2.1 percent to about US$31.3 trillion between the second and third quarters of 2014. “This is because of concerns over the Fed’s earlier-than-scheduled interest rate hike and the economic sanctions on Russia in the wake of the Ukraine crisis that affected the investor sentiment,” the association explained.
By region, the amount declined by 1.2 percent to US$17.8 trillion in the Americas and by 3.7 percent to US$9.7 trillion in Europe. Also, it dropped by 2.4 percent to US$3.6 trillion in Asia-Pacific and by 6.5 percent to US$140 billion in Africa.
The net fund assets reached US$15.6 trillion in the U.S. and US$320 billion in Luxembourg. They recorded a rate of decrease of 0.7 percent and 2.7 percent each. The amount decreased in 13 out of the top 15 countries, but China and Korea showed an increase of 9.0 percent and 1.7 percent to US$61.2 billion and US$31.4 billion, respectively.