With the KOSDAQ index hitting 1,080, its highest level since the IT bubble burst, KOSDAQ exchange-traded funds (ETFs) have scored big gains. Individual investors are also continuing a buying spree.
According to Koscom ETF Check on the 28th, the top five performers over the past week were KOSDAQ leveraged ETF products that track the KOSDAQ index at twice the rate.
KIWOOM KOSDAQ150 Futures Leverage (35.1%), KODEX KOSDAQ150 Leverage (34.8%), HANARO KOSDAQ150 Futures Leverage (34.7%), RISE KOSDAQ150 Futures Leverage (34.5%), TIGER KOSDAQ150 Leverage (34.3%) in that order.
Expectations have grown as the government signaled a KOSDAQ activation policy. Also, as funds shift to the KOSDAQ market, which has risen relatively less than KOSPI, individual investors' sentiment is rapidly moving to KOSDAQ.
Individual investors also posted record net buying in KOSDAQ-related ETFs. According to financial information provider Yonhap Infomax, individuals made net purchases of 1.0763 trillion won in KODEX KOSDAQ150 over the two days from the 26th, when the KOSDAQ index topped 1,000.
Next, "KODEX KOSDAQ150 Leverage" (539.4 billion won, No. 2), TIGER KOSDAQ150 (221.9 billion won, No. 4), and TIGER KOSDAQ150 Leverage (45.3 billion won, No. 9) also ranked among the top in net buying. All of these are ETF products betting on a rise in the KOSDAQ index.
In particular, for KODEX KOSDAQ150, which individuals bought the most, net purchases by individuals reached 595.2 billion won on the 26th alone. This is the largest on record in the 24-year history of domestic ETFs.
As KOSDAQ ETF returns surged, the pre-education website required to buy related leveraged ETFs was at one point paralyzed.
Meanwhile, the previous day the KOSDAQ index closed at 1,082.59, up 18.18 points (1.71%) from the previous session.