一场史无前例的股市暴跌,正推动韩国散户投资者转向复杂的结构性产品。这批偏好风险的投资者仍在不断寻找提高回报的方法。年化票

智通财经
Aug 23
一场史无前例的股市暴跌,正推动韩国散户投资者转向复杂的结构性产品。这批偏好风险的投资者仍在不断寻找提高回报的方法。年化票息高达40%至50%的股票挂钩证券(ELS)重新受到散户投资者的青睐。7月份,ELS销售额升至逾三年高点,其中以挂钩三星电子和SK海力士的产品为主。与此同时,监管机构正着手遏制散户对单只股票杠杆交易型开放式指数基金的狂热需求。这类产品被认为放大了基准韩国综合股价指数上月暴跌22%期间的市场波动。这表明,近期记忆中规模最大的市场暴跌之一,几乎没有削弱散户的风险偏好,只是改变了他们追逐的产品类型。近期的市场回调似乎为ELS产品创造了一个颇具吸引力的入场时机。这类产品只要挂钩股票或指数维持在预设区间内,便可向投资者提供票息。但一旦市场大幅下跌,这类产品也可能面临巨大的下行风险。

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