April 26, 2024
Finance
Asset management funds top W900tr
[THE INVESTOR] The volume of assets under management by related firms in South Korea exceeded 900 trillion won (US$764 billion) in the third quarter, data showed on Dec. 1.
AUM of 148 asset management firms here totaled 901 trillion won as of end-September, up 3.4 percent from three months earlier, according to the Financial Supervisory Service.
By type, fund assets increased 2.4 percent to 473 trillion won and assets under discretionary management posted a 4.6 percent rise to 428 trillion won.
In particular, private equity funds jumped 6.1 percent on-quarter to 228 trillion won during the July-September period.
Meanwhile, the combined net profits of those asset managers soared 52.6 percent to 244.3 billion won during the three months from the previous quarter.
(theinvestor@heraldcorp.com)
AUM of 148 asset management firms here totaled 901 trillion won as of end-September, up 3.4 percent from three months earlier, according to the Financial Supervisory Service.
By type, fund assets increased 2.4 percent to 473 trillion won and assets under discretionary management posted a 4.6 percent rise to 428 trillion won.
In particular, private equity funds jumped 6.1 percent on-quarter to 228 trillion won during the July-September period.
Meanwhile, the combined net profits of those asset managers soared 52.6 percent to 244.3 billion won during the three months from the previous quarter.
(theinvestor@heraldcorp.com)
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