“‘Rechargeable battery’ and ‘Samsung Electronics’ that are in disrepair, who am I and where am I?”… Investors who say it is not yet time

 #. Mr. A (37), who works at a large company in Seoul, has recently been worried about stock investment strategies. This year, due to being at the tail end of the investment boom centered on secondary battery-related stocks such as EcoPro, it has not been able to reap significant profits, and due to the recent flat trend in major large and mid-cap stocks, it has been difficult to find suitable investment sources. am. Mr. A said, “The reality is that a single-digit rate of return seems light when we have already witnessed rates of return in the tens and hundreds of percent range through rechargeable battery stocks.” “I’m watching,” he said.

In the domestic stock market, the number of waiting funds that cannot find suitable investments is increasing due to rising interest rates and sluggish stock prices.

According to the financial investment industry on the 7th, funds surrounding the stock market amounted to 434.5728 trillion won as of the 4th, an increase of 61.546 trillion won (16.5%) compared to 373.268 trillion won at the end of last year.

Looking at the funds surrounding the stock market, ▷Investor deposits: KRW 52.6732 trillion ▷ Over-the-counter derivatives transaction deposits: KRW 25.656 trillion ▷ Comprehensive Asset Management Account (CMA) KRW 71.1657 trillion ▷ Credit extensions: KRW 42.6744 trillion ▷ Domestic stock funds KRW 64.695 trillion ▷ Money market funds (MMF) amount to 178.2989 trillion won.

Compared to the end of last year, investor deposits for stock-related investments, over-the-counter derivatives trading deposits, and credit extensions increased by KRW 6.2248 trillion, KRW 1.7505 trillion, and KRW 7.2868 trillion, respectively.

However, the number of waiting funds that could not find an investment increased more significantly.

Asset management account (CMA) and MMF balances, which are frequent메이저놀이터 deposit and withdrawal products, increased by KRW 13.6621 trillion and KRW 26.7715 trillion, respectively, compared to the end of last year.

CMA is a product that allows deposits and withdrawals at any time, like a bank account, and accrues interest even if it is deposited for just one day, allowing funds waiting for stock investment to flow in. MMF is also a frequent deposit/withdrawal product and is considered a temporary refuge for corporate or individual funds that cannot find an investment destination.

Of this year’s increase of 29.2 trillion won in net assets of exchange traded funds (ETFs), which increased from 78 trillion won to 107 trillion won at the end of last year, the funds concentrated in eight ultra-short-term storage (parking type) ETFs amounted to 7.7 trillion won, or about 26%. occupied. For example, the net assets of Samsung Asset Management’s Codex CD interest rate active ETF exceeded 2 trillion won after listing on June 7.

The reason why money around the stock market is not flowing into aggressive investment products but rather into low-risk, low-return, ultra-short-term products is because the stock market is stuck in a range in a high interest rate situation and it is difficult to expect high returns.

Lee Jae-seon, a researcher at Hyundai Motor Securities, said, “Funds around the world are looking for havens where they can enjoy high interest rates.” He also added, “In the U.S., the intensity of inflows into MMF balances investing in short-term financial products has been increasing since the 10-year interest rate rises again. “High interest rates are lowering the relative attractiveness of the stock market,” he pointed out.

In Korea, MMF balances have also recently shown an increasing trend, and the amount of domestic bond funds calculated by FnGuide has increased by 9.4546 trillion won since the beginning of the year.

Lee Woong-chan, a researcher at Hi Investment & Securities, said, “The stock market is going through a correction phase due to the recent rise in interest rates, overheating of U.S. technology stocks, and concerns about real estate in China.” He added, “Expectations for a stock market rebound are growing amid the recovery of the global manufacturing industry, but it is still too early to predict a bull market.” Diagnosed.

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