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Stocks were the most profitable financial means in 2020.
According to Daishin Securities on the 1st, the representative listed index fund (ETF)’KODEX 200′ linked to the KOSPI 200 rose 36.77% from 28,881 won on January 2 of last year to 39,500 on December 30.
This rate of return is 24 times that of a 1-year bank term deposit product with an annual interest rate of 1.50%.
With a stock incorporation ratio of 70-100%, the average return of domestic equity funds of more than 1 billion won in net assets using an active management strategy reached 27.92% last year.
Kospi, who quickly recovered from the shock of the novel coronavirus infection (Corona 19), ended last year with an all-time high.
Lee Kyung-min, a researcher at Daishin Securities, said, “The stock market in 2020 rebounded in a V-shape with an exceptional level of liquidity and fiscal policy input after the panic of Corona 19. Korea, which controlled Corona 19 in the relatively early stages, has experienced the strongest recovery among global major countries. I could see it,” he explained.
Gold was the second highest-yielding asset after stocks in the same period.
The domestic gold wholesale price based on the Korea Gold Exchange rose 17.36% from 227,000 won per dollar (3.75 g) on January 2 last year to 267,000 won on December 30.
Gold, a representative safe asset, tends to rise when volatility in the financial market increases.
As market unrest increased last year due to the Corona 19 crisis, gold prices rose to a crushing pace and recorded a new record high in summer.
[표] Return rate by financial means in 2020
┌────┬───────────┬────┬────┬────┐
│Assets │Representative products │20200102│20201230│Rise rate │
├—-┼——┼—-┼—-┼—-┤
│Shares │KODEX200 (direct investment) │28,881 │39,500 │ 36.77%│
│ ├————–┼—-┼—-┼—-┤
│ │Average return on domestic equity funds │ │ │ 27.92%│
│ │Rate (indirect investment) │ │ │ │
├—-┼——┼—-┼—-┼—-┤
│Real estate │Kookmin Bank home sales price │100.60 │108.60 │ 7.95%│
│ │Comprehensive Index │ │ (December) │ │
├—-┼——┼—-┼—-┼—-┤
│Gold (Won) │Domestic gold wholesale price 3.75g│227,500 │267,000 │ 17.36%│
│ │(1 money) │ │ │ │
├—-┼——┼—-┼—-┼—-┤
│Exchange rate (Won)│Won/Dollar │1,157.80│1,086.30│ -6.18%│
├—-┼——┼—-┼—-┼—-┤
│Receivables │Comprehensive Bond Index (Han Shinpyeong) │258.96 │262.42 │ 1.33%│
├—-┼——┼—-┼—-┼—-┤
│Deposit │KEB Hana Bank N Plus Jeong│ │ │ 1.50%│
│ │Term deposit (1 year) │ │ │ │
└────┴───────────┴────┴────┴────┘
(Source = Daeshin Securities)
Real estate followed stocks and gold in one-year returns.
As of January 2019, the Kookmin Bank housing sales price index, which was an index of nationwide housing prices, rose 7.95% from 100.60 at the beginning of last year to 108.60 in December.
The yield of bonds was only around 1%. The Korea Credit Ratings Bond Composite Index, which indexed the change in the bond market’s investment return, rose 1.33% from 258.96 to 262.42.
The dollar was the weakest financial means for a year in the aftermath of the weak dollar.
The won/dollar exchange rate based on the Seoul Foreign Exchange Notice fell 6.18% from 1,157.8 won at the beginning of last year to 1,086.3 won on December 30.
The won/dollar exchange rate soared to the 1,290 won range during the intraday in March last year, when the corona 19 pandemic was in full swing, but has since declined and fell below 1,100 won at the end of the year.
Ahead of the new year, the domestic stock market is continuing its high altitude, breaking the record highs every day, and the observation that stocks are promising this year is weighing on.
Securities prices are expected to enter the KOSPI 3,000 era one after another and have a positive outlook on the stock market this year.
Researcher Lee Kyung-min suggested that the upper range of the expected fluctuation range of this year’s KOSPI is 3,080, and predicted that “in 2021, the market will continue to be strong due to the inflow of fundamental conditions (fundamental) momentum, with global liquidity and policy drivers in effect.”
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