As of the end of December 2024, the total net worth of all domestic funds was recorded at 1,098.7 trillion won, an increase of 13.1% (127.3 trillion won) from 971.4 trillion won at the end of 2023.
The Korea Financial Investment Association noted that it presented the '2024 fund market settlement of account' report on the 17th. The total net worth of funds has continued to grow steadily since it first surpassed 1,000 trillion won in the first quarter of last year.
By fund type, the increase in bond funds was notable. The net worth of bond funds jumped from 138.2 trillion won at the end of 2023 to 172.6 trillion won at the end of 2024, marking a 24.9% (34.4 trillion won) increase.
Focusing on exchange-traded funds (ETFs), the total net worth of equity funds also increased from 110.8 trillion won at the end of 2023 to 133.9 trillion won at the end of 2024, showing a rise of 23.1% (20.89 trillion won). In addition, the total net worth of indirect and derivative funds rose by 17.4 trillion won and 14.5 trillion won, respectively, over the year. Only the total net worth of money market funds (MMF) decreased by about 3.1 trillion won.
The overseas stock frenzy was clearly reflected in the scale of funds. While the scale of domestic investment funds increased by 8.2% (52.6 trillion won) last year, the scale of overseas investment funds surged by 22.8% (74.6 trillion won). By the end of 2024, the proportion of overseas investment funds among all funds increased by 2.9 percentage points to 36.5% compared to the previous year. Domestic investment funds were primarily focused on bonds, while overseas investment funds concentrated on equity and indirect funds.
By public and private funds, the growth rate of public funds last year (25.1%) was the highest in the past five years. The significant increase in net worth of overseas equity index ETFs along with bond funds played a large role in this. The proportion of overseas equity ETFs within total equity ETFs jumped from 28.8% at the end of 2023 to 53.2% at the end of 2024.