Korean funds agree to limit money-market inflows

Mar 11, 2009

The Korean funds industry is concerned about risk as institutional and retail money-market inflows top $86 billion.

For Korea's mutual funds industry, which is as damaged by losses in equity valuations as anywhere else, to say 'no' to new inflows seems strange. But the industry's self-regulatory organisation, a division in the Korea Financial Investment Association (Kofia), has this week agreed to limit new inflows into money-market funds, and to wean institutional clients off money markets within the next 70 days.

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