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Fund Flow Weekly Summary

Core Content

This report provides an analysis of global and regional fund flows for the week of February 25 to March 2, 2016. It highlights the trends in equity and bond fund flows, foreign investments in Asian markets, and domestic fund movements in South Korea. The report also includes data on the top stocks net bought by different investor types.

Main Points

• Global Equity Fund Flows:

  • Global equity-type funds saw a net inflow of USD2.48 billion for the week, the strongest performance since the start of the year.
  • Developed Markets (DMs) experienced a net inflow of USD221 million, with North America leading the increase by USD4.209 billion.
  • Emerging Markets (EMs) had a net inflow of USD15 million, marking the first inflow in 17 weeks, primarily driven by GEM funds.
  • Western Europe continued to see net outflows, losing USD1.659 billion for the fourth consecutive week.

• Global Bond Fund Flows:

  • Global bond-type funds had a net inflow of USD4.775 billion, with North America leading at USD4.209 billion.
  • EMs had a net inflow of USD473 million, while Latin America and EMEA saw net outflows.
  • Asia ex Japan had a net inflow of USD192 million, with China and Indonesia showing positive flows.

• Foreign Net Flows in Asia:

  • Foreign investors showed net inflows in most Asian equity markets, including Korea, India, Indonesia, and Thailand.
  • Korea saw a net inflow of USD69 million, while Japan had no data available (n/a).
  • The inflow to Korea was supported by global index funds and program trading.

• Domestic Fund Flows:

  • Domestic equity funds experienced a net inflow for the eighth consecutive week, albeit a smaller amount.
  • ITCs continued selling on the Kospi through program trading, which could lead to outflows if the market rebounds further.
  • Domestic institutional investors showed net inflows, with Samsung Life Insurance and Hyundai E&C being top buyers.

• ETFs vs Non-ETFs:

  • ETFs saw weaker inflows, while non-ETFs experienced stronger outflows in domestic equity funds.

Key Information

• Top Stocks Bought by Foreign Investors (MSCI Korea):

  • Samsung Electronics: USD105.9 million (0.1% of market cap)
  • Posco: USD94.5 million (0.5% of market cap)
  • Hyundai Motor: USD83.6 million (0.3% of market cap)
  • SK Telecom: USD54.0 million (0.3% of market cap)
  • SK Hynix: USD52.4 million (0.2% of market cap)
  • Kia Motors: USD40.2 million (0.2% of market cap)
  • LG Chem: USD39.3 million (0.2% of market cap)
  • LG Household & Health Care: USD33.9 million (0.2% of market cap)
  • Hyundai Mobis: USD30.4 million (0.1% of market cap)

• Top Stocks Bought by Local Institutional Investors (MSCI Korea):

  • Samsung Life Insurance: USD53.9 million (0.2% of market cap)
  • Hotel Shilla: USD30.0 million (1.1% of market cap)
  • Hanmi Pharmaceutical: USD24.2 million (0.3% of market cap)
  • SK Innovation: USD23.7 million (0.2% of market cap)
  • Hyundai E&C: USD21.7 million (0.5% of market cap)
  • OCI: USD21.0 million (0.9% of market cap)
  • SK Hynix: USD20.4 million (0.1% of market cap)
  • LG Innotek: USD7.6 million (0.4% of market cap)
  • LG Corporation: USD43.8 million (0.3% of market cap)

• Kospi 200 Top Stocks Bought by Foreign Investors:

  • Samsung Electronics: USD105.9 million (0.1% of market cap)
  • Posco: USD94.5 million (0.5% of market cap)
  • Hyundai Motor: USD83.6 million (0.3% of market cap)
  • SK Telecom: USD54.0 million (0.3% of market cap)
  • SK Hynix: USD52.4 million (0.2% of market cap)
  • Hanmi Pharmaceutical: USD44.0 million (0.6% of market cap)
  • Kia Motors: USD40.2 million (0.2% of market cap)
  • LG Chem: USD39.3 million (0.2% of market cap)
  • LG Household & Health Care: USD33.9 million (0.2% of market cap)
  • Hyundai Mobis: USD30.4 million (0.1% of market cap)

• Kospi 200 Top Stocks Bought by Local Institutional Investors:

  • Hotel Shilla: USD30.0 million (1.1% of market cap)
  • OCI: USD21.0 million (0.9% of market cap)
  • Hanmi Pharmaceutical: USD24.2 million (0.6% of market cap)
  • SK Innovation: USD23.7 million (0.2% of market cap)
  • Hyundai E&C: USD21.7 million (0.5% of market cap)
  • LG Hynix: USD20.4 million (0.1% of market cap)
  • KB Financial Group: USD17.0 million (0.1% of market cap)
  • Naver: USD15.8 million (0.1% of market cap)
  • Doosan Corporation: USD7.0 million (0.4% of market cap)

Disclaimer

• This report is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities.
• It does not provide individually tailored investment advice.
• The information is not guaranteed to be accurate, complete, or suitable for all investors.
• Readers are advised to seek independent financial advice before making any investment decisions.