Fund Dividend Payouts Reach 40.9 Trillion Won in First Half, Up 70.4% From Last Year
The fund dividend payouts in the first half of this year increased by 70% compared to last year.
According to the Korea Securities Depository on July 23, the total amount of fund dividend payouts in the first half of this year reached 40.9 trillion won, up 70.4% from the same period last year.
By fund type, public funds posted 6.0793 trillion won, a 63.1% increase, while private funds totaled 33.9216 trillion won, up 71.8%. The number of funds that paid out dividends was 1,680 for public funds and 9,225 for private funds, up 12.4% and 9.8% respectively compared to the first half of last year. Of the total amount of fund dividend payouts in the first half of this year, the amount reinvested into the same funds was 26.7961 trillion won, representing 67.0% of the total. Of the reinvested amount, public funds accounted for 5.7316 trillion won and private funds for 21.0645 trillion won, with reinvestment rates of 94.3% and 62.1% respectively.
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New fund formations in the first half of this year totaled 49.2291 trillion won, up 31.3% from the same period last year. Public funds accounted for 4.6333 trillion won, a 97.1% climb, while private funds were at 44.5958 trillion won, a 26.9% increase. The number of newly established funds was 151 for public funds and 1,547 for private funds, up 22.8% and 41.9% respectively from the year-earlier period. Fund liquidation distributions in the first half of this year recorded 27.5044 trillion won, marking a 24.0% increase from the first half of last year.
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