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“Is the bull market coming to an end?”… Ants running counter to KOSPI, sold index ETF and bought ‘Gobbus’

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While KOSPI is breaking record highs every day, ‘ants’ (individual investors) are predicting a future correction phase and betting on a decline.

According to Yonhap Infomax, a financial information company, on the 14th, over the past week (January 6 to 12), individuals’ exchange-traded funds (

ETF

) ‘Gobverse’ (inverse leverage) products rose to the top of the purchase rankings.

inverse

is a product that makes profits when the basic index such as KOSPI falls, and Gobbus refers to a product that tracks the index twice in the reverse direction.

In particular, during this period, individual investors ‘

KODEX

The second largest net purchase was the ‘200 Futures Inverse 2X’ product, worth 141.784 billion won. It is a product that tracks the daily return of the KOSPI 200 futures index twice in the reverse direction, and the return for the past week is

-7.3

It was %.

KOSPI broke its intraday high for eight consecutive trading days from the beginning of the year to the previous day, and closed at the 4700 line the previous day (closing at 4692.64). The increase rate during this period amounts to 11.35%.

As the price has been rising without a single day’s rest since the new year, it appears that investors who expect it to turn into a short-term correction or sideways market to take a breather have included inverse products.

https://n.news.naver.com/article/016/0002585388

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