小摩:韩国杠杆ETF平仓潮接近尾声

格隆汇
Jul 29
摩根大通表示,自6月中旬以来,韩国股市经历的大规模去杠杆化显示,杠杆ETF的平仓已基本完成,对冲基金约完成了90%的去杠杆进程,杠杆水平也已回落至更合理的区间。 摩根大通策略师Mixo Das等人在报告中写道,综合来看,韩国股市目前的仓位状况已颇具吸引力,同时估值偏低、盈利增长势头良好。“随着市场回调,这类资金规模目前已降至170亿美元,” 报告称,此前大量资金快速流入杠杆ETF的势头,近几日已明显放缓。不过,近期股价暴跌仍可能在未来几天引发进一步去杠杆。同时,考虑到美联储公开市场委员会会议存在加息风险,以及市场对超大规模科技公司即将公布的财报寄予厚望,许多投资者仍保持谨慎。

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