ETF Investment Surge as KOSPI Nears 4000
The KOSPI index nearing the 4000 mark has spurred vigorous ETF purchasing among individual investors. KODEX 200 and TIGER 200 ETFs, which track the KOSPI200 index, were the most purchased by individuals this past week. This buying trend marks a shift from the previous preference for more conservative foreign stock and gold ETFs. Meanwhile, the total net asset value of domestic-listed ETFs has reached a record high of 266 trillion won.
With major economic events and corporate earnings reports coming up next week, there is potential for increased short-term volatility in the KOSPI index. Analysts warn that given the current price-to-earnings ratios, there is a heightened risk of short-term corrections. Contrasting the trend from a month ago, when the bearish KODEX 200 Futures Inverse 2X topped net purchases, the current market sentiment remains bullish.
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