South Korean equity and bond funds have incurred losses in profitability in the first three months of 2022. Data provided by local financial market site FnGuide showed that equity funds with over KRW1bn (USD819,000) in assets saw an average 7.89% loss in profitability while active stock funds saw a 6.29% profitability loss during the period. Bond funds with over KRW1bn in assets reported an average profitability loss of 1.05% in the first three months. Treasury bond funds reported an average profitability loss of 2.45%, while straight bond funds shed 1.34%. Samsung Securities analyst Kim Ji-man said the bond market has weakened due to the Ukraine crisis, which has fueled the price of raw materials and concerns of inflation.
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