人均浮亏22万!杠杆ETF缘何突然走红,让韩国70万散户深陷泥潭?

智通财经
Aug 09
【人均浮亏22万!杠杆ETF缘何突然走红,让韩国70万散户深陷泥潭?】5月27日,首批16只锚定三星电子与SK海力士的个股杠杆及反向ETF在韩国交易所正式上市交易,产品上市后便引爆零售市场。由于买入此类产品所需的门槛要求极低,操作极其便利,外加营销的无孔不入,数十万散户涌入,散户持仓占比超九成,大量资产微薄的年轻人成为交易主力。 上述杠杆ETF突然走红,有三大原因: 一是杠杆的便利性。该类产品最大的特点是操作股票化,像买卖股票一样简单,只要输入代码和价格,就可以进行交易,看多买入正向产品、看空买入反向产品。 二是杠杆的低门槛。在韩国5—7月的旧规则中,账户满足1000万韩元基础保证金即可交易,允许证券资产按70%折算保证金,这也意味着,账户仅持有1430万韩元的股票,即便没有现金,也可以获得2倍个股杠杆ETF的交易资格。 三是营销的误导性。这批个股杠杆ETF上市初期,基金、券商通过APP弹窗、短视频等社交渠道进行推广,再叠加财经网红、股票社区传播,渲染“押注半导体国运、博取两倍收益”,风险提示被严重弱化。很多投资者被“小钱博取高收益”叙事吸引,混淆“每日两倍波动”与“长期两倍收益”,对每日重置杠杆的波动损耗几乎一无所知。

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