Korea ETF Suffers Record $1 Billion Outflow Amid Market Turmoil
(Bloomberg) -- South Korean equities were collateral damage in last week’s stock rout that saw exchange-traded fund investors run for the exits.
The biggest Korean ETF, the Samsung Kodex 200 fund, which mainly tracks the nation’s benchmark Kospi 200 Index, shed $1 billion last week, its biggest ever weekly outflow, according to data compiled by Bloomberg.
Total assets in the ETF dropped to $5.9 billion through Friday, while its price fell 6.7 percent over the week.
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