Funds' net asset value rises 8.8tr won in February
Seoul - Yonhap
Investment funds in South Korea saw their net asset value grow more than 8 trillion won in February from a month ago as investors scurried to short-term investment vehicles such as money market funds amid low rates and a modest recovery of the local stock market, data showed Thursday. According to the data compiled by the Korea Financial Investment Association (KOFIA), net asset value of stocks, bonds and real estate-related funds reached a combined 343.1 trillion won (US$312 billion) at the end of February, up 8.8 trillion won from the end of January.
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