Cash inflows continue into high-yield funds with tax favors in Korea
South Korea eased mortgage rules
Seoul - Yonhap
Investors are parking more money in funds that invest in low-grade bonds and that also offer tax favors amid low market interest rates, data showed Thursday.
Cash flows into such funds amounted to 2.35 trillion won (US$2.14 billion) as of end of October in just seven months after their market debut in early April, according to the data compiled by the Korea Financial Investment Association (KOFIA).
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