Stock funds that invest in overseas securities have suffered massive outflows over the past five years as investors drawn by an earlier stock boom in emerging markets exited to reduce losses after being spooked by the financial crisis in late 2007, data showed Monday.
Foreign stock funds posted a total outflow of 29.19 trillion won (US$28.09 billion) from July 2009 to August 2014. On a monthly basis, such funds have suffered a capital outflow for 62 straight months, according to the data compiled by the Korea Financial Investment Association (KOFIA).