Fund managers exit South Korea ETFs after a record rally in the country’s stock market
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iShares MSCI Korea ETF saw $970 million in outflows last week, setting a new all-time record; meanwhile, Direxion Daily MSCI Korea Bull 3X Shares ETF also witnessed $240 million in capital outflows. As a result of the outflows from iShares Inc.'s iShares MSCI Korea ETF, the overall outflows from the Korean market reached $799.1 million, ranking first in scale.
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