It was found that the wealthy Koreans made money by significantly increasing their stock investment as the stock market rose due to liquidity released by Corona 19 last year. The rich chose stocks over real estate as promising investments this year. Among the rich, a dark view of the real estate and real estate market was predominant, even though the stocks were expected to rise steadily.
On the 8th, Hana Bank’s Hana Financial Management Research Institute released the 2021 Korea Wealth Report: Wealth Management Trends of the Rich and the Massive. This is the result of conducting an online survey targeting the wealthy who owned more than 1 billion won in financial assets based on households and the rich in the public with 100 million to 1 billion won in financial assets.
Last year, the rich and the rich did not miss a time when liquidity was concentrated in stocks. 53% of the rich and 48% of the rich in the public said that they have increased their share of stock investment since Corona 19. As a result of the portfolio adjustment, the share of stocks in the financial assets of the rich increased from 16% in 2019 to 20% last year. On the other hand, as distrust increased due to the subsequent suspension of private equity repurchases, the proportion of funds and trusts decreased significantly from 28% to 15% during the same period.
The return on investment was also higher than expected. The percentage that recorded negative returns last year decreased by 17 percentage points from the previous year. Instead, the percentage of respondents saying that they had a high profit of over 10% per year increased by 19 percentage points from the previous year. They cited’direct investment in stocks (49%)’ and’equity-type funds (13%)’ as the secret to high returns.
Both the rich and the rich have seen this year’s economic outlook dark. For the real economy, 61% of the respondents said it would worsen, and 52% for the real estate economy. In particular, the higher the asset price, the more negative the economic outlook. On the other hand, the positive outlook for the stock market was dominant. 37% of the rich and 44% of the wealthy were expecting the stock market to rise.
In a situation of high internal and external uncertainty, more than half of the rich (51%) and the rich (56%) said they would maintain their current portfolio. Among respondents with a portfolio adjustment plan, more respondents said they would increase the proportion of financial assets such as stocks than real estate.
The main response was that they would neither buy nor sell real estate. Respondents who answered’no plans to buy’ about the purchase accounted for more than half to 56%, up 13 percentage points from the previous year. 56% of the respondents said they would keep the sale as well, up 5 percentage points from the previous year. Financial products that the rich will invest this year include short-term financial products and index-linked products, term deposits, direct investment in stocks, and foreign currency assets.
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