[THE INVESTOR] Global equity funds posted a net inflow into Korea for the 24th straight week, industry data showed on June 26.

Four international funds investing in South Korea allocated a combined US$250 million for the local stock market in the week to June 21, marking the 24th consecutive week of net inflow, according to the data by Mirae Asset Daewoo Securities and global fund tracker Emerging Portfolio Fund Research.

The equity funds, including US investment fund Global Emerging Markets, have been chalking up net inflows into Korea since the second week of January after recording an outflow the prior week.

The four global funds have recorded a net inflow of $126.2 billion so far this year, nearly four times the $31.6 billion posted for all of 2016, according to the data.

By Alex Lee and newswires (alexlee@heraldcorp.com)