사진 확대
Hanyang Securities announced on the 29th that it has unveiled a financial education content called “Leverage Investment Watch,” which introduces the structure and risks of single-stock leveraged ETFs such as Samsung Electronics and SK Hynix.
The content explained that the leveraged ETF is a structure that doubles the daily rate of return of underlying assets rather than the entire period of time, and that the final rate of return may not match the double rate of underlying assets in a structure where daily rates of return accumulate every day.
According to the report, a comparison of the closing prices of Samsung Electronics and SK Hynix and the closing prices of leveraged ETFs from the listing date on May 27 to the 22nd showed that the average return on related leveraged ETFs fell 40.2% when Samsung Electronics shares fell 15.2%. SK Hynix also saw its leveraged ETF fall 49.4 percent when it fell 18.4 percent.
It also included a simulation that assumed that only the final cumulative return would be 0% while maintaining the daily fluctuation rate of underlying assets during the same period. As a result, the average return on Samsung Electronics’ leveraged ETFs fell 14.4 percent and SK Hynix fell 21.1 percent.
It also pointed out that even if the volatility period is set at six months to one year and the underlying asset yield returns to 0%, the leveraged ETF yield could fall 40-50% after six months and 63-75% after a year.
Hanyang Securities said, “Single item double-followed leverage ETFs often invest without fully understanding the product structure. We will expand financial education contents to easily understand the characteristics and precautions of financial products and take the lead in spreading a healthy investment culture,” he explained.
The content can be viewed on the Hanyang Securities channel on YouTube, Instagram, and TikTok.
Earlier, Bae Jae-kyu, CEO of Korea Investment Trust Management, also posted on Facebook on the 20th on the performance analysis of leverage and inverse products in individual stocks, pointing out that the theoretical difference between the yield and the actual difference was large.
CEO Bae said, “Over time, even if Wonju comes into place, ETF prices are likely not to come in place. I hope you stop investing even now,” he said, drawing attention.