KOREAN MEDIA: RICH INVESTORS RECENTLY BOUGHT SINGLE-SHARE ETF FOR SAMSUNG AND SK HERCULES

ON 22 JULY, HIGH-NET-VALUE INDIVIDUALS WITH MORE THAN 10 BILLION WON IN FINANCIAL ASSETS WERE ALSO ACTIVELY BUYING LEVERAGE ETF, TWO SHARES LINKED TO SAMSUNG ELECTRONICS AND SK HERCULES. AMONG THE BULK INVESTORS, PEOPLE IN THEIR 40S BUY TRISTAR ELECTRONICS AND SK HERCULES SINGLE LEVERAGING ETFS ON A LARGE SCALE. THE SEOUL JOURNAL OF ECONOMICS COMMISSIONED A MAJOR VOUCHER TO ANALYSE THE PORTFOLIO OF 25,000 HIGH-NET-VALUE INDIVIDUALS FROM 27 MAY TO 10 JULY OF THIS YEAR. THE ANALYSIS FOUND THAT OF THE TOP FIVE TARGETS FOR NET PURCHASE, THREE WERE SINGLE LEVERAGE ETFS LINKED TO TRISTAR ELECTRONICS AND SK HERCULES. THEY BOUGHT A NET OF 17,81 BILLION WON OF “KODEX SK HERCULES SINGLE LEVERAGE ETF” AND 14,1 BILLION WON OF “TIGER SK HELIX LEVERAGE ETF” AND 11,666 MILLION WON OF “KODEX THREE-STAR ELECTRONIC LEVERAGE ETF”. GIVEN THAT THE REMAINING TWO OF THE TOP FIVE TARGETS ARE ALSO THREE-STAR ELECTRONICS AND REGULAR SHARES OF SK HERCULES, THIS SUGGESTS THAT WEALTHY INVESTORS HAVE ADOPTED A STRATEGY OF REBALANCING THE KOREAN STOCK MARKET'S “TWO GIANTS.”。