Stock market boom pulls 15 trillion won from mutual finance in Q1 money move

South Korea’s stock market delivered exceptional strength in the first quarter, drawing money away from mutual finance as investors chased higher returns. According to mk.co.kr, outflows from the mutual finance sector reached about 15 trillion won in the quarter. The trend shows that the so-called “money move” from deposit-like products into equities has spread beyond banks and into mutual finance. Mutual finance institutions introduced high-interest special products to slow the outflow, but that was not enough to offset expectations for stock market returns. The shift suggests the equity rally is currently weighing more heavily on investor choices than interest-rate appeal. Source: mk.co.kr