Surge in Korean Leveraged ETFs and Semiconductor Investments
South Korean individual investors' significant investments in leveraged ETFs have led to a rise in the KOSPI index. These investors have poured approximately 13 trillion won into leveraged ETFs, contributing substantially to the upswing in Korean market indices. To encourage domestic equity investments, financial authorities are providing various tax incentives and have eased restrictions on the launch of ETFs targeting major companies, including Samsung Electronics.
Reflecting these trends, Shinhan Asset Management launched the 'SOL Korean Global Semiconductor Active' ETF. This product includes a portfolio of major semiconductor companies such as Samsung Electronics, SK Hynix, Micron, and TSMC. It aims to respond to changes in semiconductor demand due to the proliferation of artificial intelligence (AI). This ETF has demonstrated impressive cumulative returns, capturing the attention of investors.
Furthermore, the favorable outlook for the semiconductor and secondary battery markets has resulted in significant increases in leveraged ETFs in these sectors. As the KOSPI rose, semiconductor and secondary battery ETFs increased by 6.05% and 4.33%, respectively. In contrast, inverse products recorded a decline, indicating relative weakness. Recent financial themes also closed lower due to profit-taking activities.
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