"Average Investment of 46.23 Million Won" ... 40-Somethings Flock to 2x Samsung Electronics and SK hynix Products

\r\n
\r\n[Financial News] Investors in their 40s were the biggest buyers of single-stock leveraged exchange-traded funds (ETFs) that track Samsung Electronics and SK hynix at twice the daily return. The average investment per person reached 46.23 million won.
On the 3rd, four securities firms — Korea Investment & Securities, Samsung Securities Co., Ltd., KB Securities, and NH Investment & Securities — tallied investment activity in 14 single-stock leveraged ETFs from May 27 to the 1st. They found 70,850 investors and 327.55 billion won in total investment. Inverse products were excluded from the tally.
The average investment per person was 46.23 million won. By age group, investors in their 40s numbered 20,489, the most of any group, accounting for 28.9% of the total. Their investment amount came to 1.0225 trillion won, or 31.2% of the total.
Investors in their 50s accounted for 28.7%, a level similar to that of those in their 40s. Investors in their 30s made up 22.2%, followed by those in their 60s at 11.5% and those in their 20s at 6.5%.
Single-stock leveraged ETFs are products designed to track twice the daily return of Samsung Electronics and SK hynix. Investors must complete one hour of prerequisite education for existing leveraged ETFs, plus an additional one-hour advanced course. As of the 31st of last month, 380,000 people had applied for the training, and more than 350,000 of them had completed the full two-hour program.
Industry observers say the figures reflect investors' active participation in high-risk products in hopes of strong returns. In particular, investors aged 40 and under accounted for around 60% of both the number of investors and the amount invested.
The single-stock leveraged ETFs tied to Samsung Electronics and SK hynix have been rapidly growing in scale since their listing on the 27th of last month. As of the 1st, total net assets, including two inverse products, reached 6 trillion won. Trading volume hit 1.0418 trillion won on the first day of listing, then declined before rising again to 953.5 billion won on the 1st.
\r\n
\r\n
hsg@fnnews.com Han Seung-gon Reporter