
韩国金融监督院数据显示,自5月27日追踪三星电子与SK海利士杠杆型ETF推出以来,韩国散户在两个半月内亏损2.32兆韩元(约552.44亿台币),实际损失可能更大,因数据未含未实现亏损及小型券商交易。监管当局已暂停新产品上市并提高门槛。
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韩国金融监督院向国会议员提交数据显示,自5月27日追踪三星电子与SK海利士的杠杆型ETF推出以来,散户通过十大券商累计已实现交易亏损达2.32兆韩元。
初次上稿10-07 23:04
更新時間10-08 07:16
韓國個股槓桿ETF在短短兩個半月造成散戶至少2.32兆韓元的損失。(美聯社資料照)
〔編譯魏國金/台北報導〕韓國金融監督院(FSS)提交的資料顯示,自5月27日推出追蹤三星電子與SK海力士槓桿型ETF以來,韓國散戶在短短兩個半月損失2.32兆韓元(552.44億台幣),這是南韓官方首度揭露相關投資所造成的衝擊規模。
韓國《BusinessKorea》報導,韓國金融監督院提交給國民力量黨國會議員崔殷碩的資料顯示,自5月27日至8月14日,散戶投資人透過十大券商累計已實現交易虧損達2.32兆韓元。該數據不含投資人仍持有相關產品的未實現虧損,以及透過小型券商完成交易的損失,因此實際虧損規模預料更可觀。
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在短時間內迅速造成如此龐大虧損,反映標的資產的波動性以及槓桿產品的結構性風險。個股槓桿產品旨在追蹤標的股票每日漲跌幅的兩倍,這意謂當個股股價下跌時,虧損將放大。此外,當股價盤整或一再劇烈波動時,這些產品將受到債滾債的「負複利效應」(negative compounding effect)衝擊,造成投資人本金迅速遭侵蝕。
以三星資產管理公司的KODEX SK海力士個股槓桿ETF為例,6月23日其股價飆漲至44358韓元,隨後半導體類股股價恐已觸頂的疑慮瀰漫市場,致使7月29日盤中跌至6000韓元,截至10月6日收盤,該產品站上10700韓元,從最高點跌約76%。花旗集團全球市場推估,韓國槓桿ETF的劇烈震盪使散戶損失高達56兆韓元(1.33兆台幣)。
韓國金融監管當局未遏制投資人進一步損失,於7月16日以來暫停新的個股槓桿ETF以及反向商品的上市。自7月下旬以來,最低現金存款門檻也提高至3000萬韓元,同時強制投資人接受相關投資教育,以提高進場障礙,而自11月起,更多措施將生效,包括最低下單數量提高至20股。
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AI outlook — possibilities, not facts
韩国金融监管当局将在11月起进一步提高杠杆ETF交易门槛,包括最低下单数量增加至20股。
Very likely · Within months

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