Optimistic Forecast for KOSPI Index Amid Rising Individual Investors
New individual investors are continuously entering the stock market, and with solid earnings backing this trend, the KOSPI index is expected to rise comfortably above 6000. However, caution is advised regarding the KOSDAQ market, which may experience short-term overheating.
In an interview on the 1st, the head of the ETF management division at Samsung Asset Management, Lim Tae-hyuk, expressed an optimistic outlook for further increases in the KOSPI index. He cautioned, however, that the KOSDAQ index, which has outperformed the KOSPI this year, may need to undergo some short-term adjustments.
Lim noted that the net assets of the KODEX KOSDAQ 150 exchange-traded fund (ETF), which was valued at 1 trillion KRW just a week ago, have now surged by 1 trillion KRW daily, surpassing 5 trillion KRW. He commented, "It seems that individual investors who missed the KOSPI 5000 are determined not to miss the KOSDAQ 3000." He acknowledged that while the KOSDAQ has been previously subdued, its earnings have not yet caught up. Therefore, he advised that it would be appropriate to limit investments in it to about 10-20% of ones portfolio. According to the Korea Exchange, the price-to-earnings ratio (PER) of the KOSDAQ index currently stands at around 120 times.
Regarding investments in the KOSPI index, Lim expressed optimism. He stated, "The growth rate of semiconductor earnings is tremendous," predicting that the semiconductor sector will drive the KOSPI index above 6000. He believes that the ongoing unprecedented memory shortage could even push the index to challenge 7000. He emphasized that following semiconductors, there are structural benefits expected from the reorganization of the U.S. geopolitical order and AI investments, particularly in the shipbuilding, defense, and nuclear power sectors. Individual investors ETF portfolios should also reflect this outlook.
In an interview on the 1st, the head of the ETF management division at Samsung Asset Management, Lim Tae-hyuk, expressed an optimistic outlook for further increases in the KOSPI index. He cautioned, however, that the KOSDAQ index, which has outperformed the KOSPI this year, may need to undergo some short-term adjustments.
Lim noted that the net assets of the KODEX KOSDAQ 150 exchange-traded fund (ETF), which was valued at 1 trillion KRW just a week ago, have now surged by 1 trillion KRW daily, surpassing 5 trillion KRW. He commented, "It seems that individual investors who missed the KOSPI 5000 are determined not to miss the KOSDAQ 3000." He acknowledged that while the KOSDAQ has been previously subdued, its earnings have not yet caught up. Therefore, he advised that it would be appropriate to limit investments in it to about 10-20% of ones portfolio. According to the Korea Exchange, the price-to-earnings ratio (PER) of the KOSDAQ index currently stands at around 120 times.
Regarding investments in the KOSPI index, Lim expressed optimism. He stated, "The growth rate of semiconductor earnings is tremendous," predicting that the semiconductor sector will drive the KOSPI index above 6000. He believes that the ongoing unprecedented memory shortage could even push the index to challenge 7000. He emphasized that following semiconductors, there are structural benefits expected from the reorganization of the U.S. geopolitical order and AI investments, particularly in the shipbuilding, defense, and nuclear power sectors. Individual investors ETF portfolios should also reflect this outlook.
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