[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio5698b8e6":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio5698b8e6","SK海力士赴美上市引爆华尔街：大批单股杠杆产品下周面世，恐将“韩式波动”推向全球","\u002Fdoc\u002Fdcio5698b8e6","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网注意到，SK海力士创纪录的美国首秀，正为新一轮与这家韩国存储巨头股票挂钩的杠杆产品铺平道路，并将此前在首尔放大该股波动率的热门押注带到了华尔街。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据发行商网站的数据，ProShares、Leverage Shares和Rex Shares等发行商正准备推出能两倍做多SK海力士美国存托凭证(ADR)的产品，其中一些发行商还在为看空该股的交易员准备反向押注产品。下周将有至少六款此类产品上市。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">与SK海力士挂钩的杠杆 ETP 是该行业中最受欢迎的产品之一，它们对该股在首尔的交易方式产生了极大的影响。其中一款由香港南方东英资产管理有限公司发行的产品，已成为全球同类产品中规模最大的一只，在近期股价下跌前，其资产规模曾超过160亿美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">在韩国，由于SK海力士、三星电子以及追踪它们的杠杆产品在这个市值4.3万亿美元的市场中占到了交易额的70%以上，导致韩国综合股价指数(Kospi)频繁剧烈震荡。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">SK海力士在美国上市提振芯片股\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">摩根资产管理韩国股票投资组合经理John Cho表示“散户活动的某些元素似乎越来越受到动量驱动，单只股票ETF的增长推高了巨型股的交易量和波动率。杠杆ETF的出现并不被视为一个健康的信号，因为这可能预示着散户在周期尾声的行为特征。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">分析师表示，对单只股票杠杆产品的集中投资已开始影响它们旨在追踪的股票。一波全新的在美国上市的杠杆ETP意味着每日的再平衡资金流将变得更大，从而可能加剧本已高企的波动率。行业研究指出，这些杠杆产品的规模也使其难以兑现提供两倍每日回报的承诺，从而拉大了追踪误差。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">ETF分析师Rebecca Sin表示“美国投资者可能会遇到与香港追踪SK海力士的杠杆产品相同的追踪难题。当需求大幅超过可用库存时，ETP发行商在寻找股票来源和维持有效对冲方面可能会面临困难，从而可能导致与标的股票之间出现追踪误差。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">三星、SK海力士和ETF主导韩国交易\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这种异常现象引发了对监管机构允许此类高风险工具的批评，甚至有一位反对党议员呼吁将其退市。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">对发行商而言，鉴于投资者对杠杆产品的胃口极其旺盛，这一机遇是显而易见的。随着一笔高达265亿美元的美国上市尘埃落定——这也是外国公司有史以来规模最大的一次美国上市——一个全新的潜在投资者群体已经打开。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Rex亚洲业务发展负责人Francis Oh表示“我相信这款产品将能够捕捉到全球投资者对直接投资SK海力士敞口压抑已久的需求——而这是仅在韩国上市所无法完全提供的渠道。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]