S. Korea Funds Record Largest Outflows Since 2009, Citi Says
This article is for subscribers only.
South Korean mutual funds recorded the largest outflows since 2009 in the past week amid “disappointing” earnings, according to Citigroup Inc.
The nation’s funds lost 5 percent of assets under management, equal to $671 million of outflows, in the week ended Feb. 6, Markus Rosgen and Yue Hin Pong, Hong Kong-based Citigroup analysts, wrote in a report today, citing EPFR data. Asian funds lured $981 million, the 22nd straight week of inflows, the analysts wrote.