Net Asset of South Korea's Overseas Funds Rise
The net asset of South Korea's overseas investment funds last week hit a record high of 88.2 trillion won (US$75.4 billion) in nearly nine years
Seoul - QNA
The net asset of South Korea's overseas investment funds last week hit a record high of 88.2 trillion won (US$75.4 billion) in nearly nine years, South Korean government data showed Wednesday.
It marked the highest since Dec. 6, 2007, when the corresponding figure came to 87.8 trillion won, according to data compiled by the Korea Financial Investment Association.
Real estate-based funds accounted for 24% of the total overseas investment funds, followed by equity funds with 17%, fund of funds with 16% and bond and derivatives with 13%, according to the association.
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