Analysis of US Interest Rate Cut and ETF Market Trends
Following the U.S. Federal Reserve's 0.5% interest rate cut, significant changes have occurred in the flows of funds between value ETFs and tech ETFs. The value equity ETFs saw massive outflows, while tech and semiconductor ETFs witnessed substantial inflows. Specifically, $2.281 billion flowed into the Nasdaq 100 ETF, and $512.49 million was invested in semiconductor ETFs. This shift is attributed to growing expectations of a soft landing for the U.S. economy and a recovery in investor sentiment towards tech stocks.
Experts continue to recommend focusing on small-cap ETFs with robust fundamentals. Small-cap ETFs tend to offer stable returns even in uncertain economic conditions. The outflow from value ETFs could be a sign that investors are turning to safer assets to weather potential downturns.
Meanwhile, Samsung Asset Management's 'KODEX U.S. AI Tech TOP10+15% Premium' ETF reached a net asset value of 300.4 billion KRW after just four months of listing. This ETF primarily invests in ten leading U.S. AI tech companies and aims for an annual 15% premium by selling partial Nasdaq 100 weekly call options. Individual investors have net purchased 236.6 billion KRW worth of this ETF, aiming for both monthly dividend income and stock price appreciation. The ETF was recently renamed to 'KODEX U.S. AI Tech TOP10 Target Covered Call.'
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조선일보2024 9月 26
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