◆아주경제 주요뉴스
▷변동성이 부른 주식형 펀드 '머니무브'…해외형 펀드에 19배 더 몰렸다
- A clear trend of 'money move' is emerging as investors shift from domestic stock funds to overseas products. In the past month, a net inflow of 4.431 trillion won was recorded in public stock funds, with approximately 95% directed towards overseas funds.
- According to the Korea Financial Investment Association, from August 4 to September 3, overseas stock funds saw a net inflow of 4.2088 trillion won, while domestic funds only attracted 222.3 billion won. The inflow into overseas funds was about 19 times greater than that of domestic funds.
- Excluding ETFs, the gap between domestic and overseas funds is even more pronounced. In the last month, public stock funds experienced a total net outflow of 45.3 billion won, with domestic funds losing 104.6 billion won, while overseas funds gained 59.2 billion won.
- Just a month ago, domestic funds were leading, but the trend reversed in August. In July, including ETFs, domestic funds had a net inflow of 6.6724 trillion won, surpassing overseas funds at 4.4362 trillion won. However, in August, domestic funds saw a drastic decline to 1.7434 trillion won, a 73.9% drop, while overseas funds decreased by only 20.4% to 3.5334 trillion won.
- Analysts attribute the shift in capital to the poor performance of the domestic stock market. From July 1 to September 4, the KOSPI fell by 19.47%, while the U.S. S&P 500 and Nasdaq Composite indices rose by 3.14% and 1.79%, respectively, widening the return gap.
- In fact, in the past month, the top four net inflows for domestic stock ETFs were all U.S. index products. The TIGER U.S. S&P 500 saw an inflow of 995.1 billion won, followed by the TIGER U.S. Nasdaq 100 at 645 billion won, KODEX U.S. Nasdaq 100 at 561.1 billion won, and KODEX U.S. S&P 500 at 473.7 billion won, totaling 2.6749 trillion won.
◆주요 리포트
▷이익 증가율 꺾이는 코스피…“이제는 이익의 질 봐야” [하나증권]
- The KOSPI's 12-month expected net profit growth rate has decreased from 328% in August to 316% currently, indicating a potential slowdown in the index's upward trend.
- Historically, after reaching a peak in profit growth, the KOSPI's index return averaged -2.9% over the following three months, while sectors with rising profit growth recorded an average of 3.8%. This suggests a differentiation among sectors.
- Notably, sectors with rising operating profit margins achieved a return of 4.3%, while those with declining margins saw a return of -7.4%. In a phase of slowing profit growth, profitability becomes a key variable in stock selection.
- The recent slowdown in U.S. manufacturing momentum and a sharp drop in the won-dollar exchange rate have increased pressure on KOSPI operating profit margins.
- Hana Securities recommends expanding investments in sectors with high potential for operating profit margin improvement, such as semiconductors, holding companies, defense, energy, shipbuilding, IT hardware, and transportation.
◆장 마감 후(4일) 주요공시
▷현대건설 : 샤힌 에틸렌시설 건설공사 PKG1 중대재해 발생
▷현대바이오 : 전립선암 치료제 CP-PCA07의 1상 임상시험계획 변경승인 신청
▷우성 : 우성유통 흡수합병 및 355억7906만6968원 규모 자기주식 처분 결정
▷SOOP : 189억2297만3833원 규모 기취득 자기주식 소각 결정
◆펀드 동향(3일 기준, ETF 제외)
▷국내 주식형: -586억원
▷해외 주식형: -40억원
◆오늘(7일) 주요일정
▷일본: 외환보유고(8월)
▷독일: 산업생산(7월)
▷휴장: 미국, 브라질, 캐나다
* This article has been translated by AI.
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