Funds investing in bonds draw 10 trillion won in three months a

[THE INVESTOR] The amount of money held in funds investing in bonds broke the barrier of 110 trillion won (US$98.7 billion), the Korea Financial Investment Association said on Aug. 26.

According to KFIA, the amount held in such products rose to 110.52 trillion won on Aug. 24. 

The amount held in products investing in bonds surpassed 100 trillion won on May 25, then increased by a further 10 trillion won in three months, the association said.

The rapid rise is thought to have been fueled by investors failing to find appropriate investments due to low interest rates and uncertainties affecting stock markets.

By Choi He-suk (cheesuk@heraldcorp.com)