Photographer: SeongJoon Cho/Bloomberg
markets

Korea ETF Suffers Record $1 Billion Outflow Amid Market Turmoil

South Korean equities were collateral damage in last week’s stock rout that saw exchange-traded fund investors run for the exits.

The biggest Korean ETF, the Samsung Kodex 200 fund, which mainly tracks the nation’s benchmark Kospi 200 Index, shed $1 billion last week, its biggest ever weekly outflow, according to data compiled by Bloomberg.

Total assets in the ETF dropped to $5.9 billion through Friday, while its price fell 6.7 percent over the week.

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