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[Alpha Biz=(Chicago) Reporter Paul Lee] While the domestic stock market is not gaining strength due to the soaring U.S. government bond rates, individual investors are buying low-priced leveraged index-listed market funds (ETFs).
According to the Korea Exchange on the 24th, ETF, which was bought the most by individual investors until the 20th of this month, bought a net 265.9 billion won during this period with 'KOSDAQ 150 leverage'.
Among all stocks in the stock market, POSCO Holdings (334.5 billion won) and Doosan Robotics (302.5 billion won) were the third largest net buyers. This ETF is a product that doubles the daily yield of the KOSDAQ 150 Futures Index. The KOSDAQ index should rise to make a profit.
KODEX Leverage, a similar product, was the second largest net purchase among ETFs. Individuals bought the ETF net worth 131.6 billion won this month. KODEX leverage is also a product that doubles the return on the KOSPI 200 futures index, and it is profitable only when the KOSPI index rises.
KODEX 200 (KRW 39.1 billion), which follows the KOSPI 200 index return, and KODEX 150 (KRW 32.3 billion), which follows the KOSDAQ 150 index return. Both ETFs are profitable only when the stock market rises.
These ETF shares also fell as the U.S. government bond rate soared and the stock market was sluggish due to the recent instability in the Middle East. KODEX KOSDAQ 150 leverage fell 16.04% and KODEX leverage fell 5.8% from the end of last month to the 20th. KODEX 200 and KODEX KOSDAQ 150 also fell 2.8% and 8.18%, respectively, this month.
Nevertheless, stock market analysts say investors have made low-priced purchases in anticipation of a future stock market recovery.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
