[THE INVESTOR] The lingering uncertainties in the global financial markets including the impact of Britain’s latest decision to quit the European Union are fueling a demand for safer, short-term investment tools.

As of the end of May, funds in fixed deposits of six months or less, money market funds and other short-term financial products reached 876.2 trillion won (US$ 756.9 billion), according to the Bank of Korea and Hana Institute of Finance.


When adding assets which are considered stable, such as bond-type funds and money trusts, the figure rises to just over 1,157 trillion won.

Such safer, short-term assets took up 57.1 percent of the total amount of deposits in local financial products.

They rose 0.9 percentage points from the end of 2015.

By Kim Ji-hyun (jemmie@heraldcorp.com)