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South Korean Stock Funds Fall 6.60% in Week of July 3-9, Only 48 of 3,861 Gain

GateNews
Stocks
According to E-Daily and fund evaluator KG Zeroin, South Korean domestic stock funds averaged a -6.60% decline during the week of July 3-9, with only 48 out of 3,861 funds posting gains. Samsung Asset's 'KODEX 200 Long Kosdaq150 Short Futures' ETF led performance, rising 5.90% for the week by combining long positions in KOSPI 200 futures with short positions in Kosdaq150 futures. Four of the top five performers were high-dividend or shareholder-return products, including RISE 200 Covered Call ATM ETF from KB Asset and KODEX High Dividend Stock ETF. The broader market declined as KOSPI fell 4.66% and Kosdaq plunged 8.39% amid semiconductor profit-growth concerns and foreign investor outflows.
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