중국ETF, 지금 담아도 될까? / ETF스토리 / 한국경제TV

Summary

In this discussion, Kiwoom Asset Management's ETF department head, Jeong Seong-in, offers insights into the current ETF market trends. He highlights the impact of global economic conditions, including the US market's mixed results and the rise of Chinese ETFs due to recent government stimulus measures. The conversation also touches on the performance of electric vehicle and AI-related ETFs, as well as the importance of power infrastructure investments amid rising global energy demands. Jeong advises cautious yet strategic investments, focusing on both Chinese consumer-focused and global power infrastructure ETFs.

Takeaways

• 😀 The market lacks a clear direction, with specific trends emerging in Chinese stocks and energy sectors.
• 😀 U.S. and Korean markets show mixed performance, with foreign investors selling Samsung Electronics in Korea.
• 😀 Chinese ETFs saw a surge following a large government stimulus but have since faced corrections.
• 😀 Key sectors of focus include Chinese tech stocks (e.g., Alibaba, JD.com) and consumer-focused ETFs.
• 😀 The second-generation battery ETF sector has underperformed due to missed expectations surrounding Tesla’s robotaxi project.
• 😀 Energy ETFs related to AI infrastructure, power grids, and nuclear energy are seeing growth as demand for energy increases globally.
• 😀 The U.S. presidential election is influencing market sentiment, with candidates proposing different approaches to energy infrastructure.
• 😀 The shift towards renewable energy is driving interest in energy ETFs focused on power grids and new energy technologies.
• 😀 Strategic investment in Chinese-related ETFs is recommended with caution due to market volatility and uncertainty.
• 😀 Energy sector ETFs are expected to see growth, particularly those related to AI-driven infrastructure and global power grids.
• 😀 A balanced approach between domestic and international energy ETFs, with a focus on global power grid infrastructure, is advised.

Q & A

What is the current state of the market according to the expert?

The expert mentions that the market lacks a clear trend, with no prominent leading stocks. Mixed results from corporate earnings have made it difficult to identify a direction. The U.S. market is in uncertainty ahead of earnings reports, while the Korean market faces foreign investor sell-offs, particularly in Samsung Electronics.

What is the recent performance of ETFs, and which sectors are performing well?

The expert notes that ETFs related to China have recently seen some growth, especially after the Chinese government announced large-scale stimulus measures. Tech-related ETFs, especially those focused on Chinese technology and electric vehicles, are performing better. On the other hand, secondary battery ETFs have struggled, with major losses due to underwhelming news about Tesla’s robotaxi and the impact of the Trump trade.

What factors influenced the performance of Chinese-related ETFs?

Chinese ETFs experienced a rise in September after the announcement of significant government stimulus measures. However, after the initial surge, they underwent a correction. The current performance is being driven by optimism regarding China’s economic recovery, especially in domestic consumption and tech sectors. However, investors are cautious due to past market instability, particularly in China’s property sector.

Which specific Chinese ETFs are highlighted in the script?

The expert mentions several Chinese ETFs, including those focused on domestic consumption like the 'KOSPI China Domestic Consumption Top CSI ETF' and tech-related ETFs like 'China Hang Seng Tech'. There’s also emphasis on electric vehicle-related ETFs, such as the 'Tiger China EV Selective ETF'.

Why is the expert cautious about investing in Chinese ETFs?

The expert expresses caution due to the volatile nature of the Chinese market, referencing past economic bubbles like the 2008 property bubble. While sectors like technology and electric vehicles show promise, the overall unpredictability of the Chinese market makes it a riskier investment.

What role does energy infrastructure play in the market according to the expert?

Energy infrastructure is seen as a crucial theme, especially with the growing demand for energy to support AI and new technologies. The expert highlights that energy infrastructure in both traditional and renewable sectors is becoming increasingly important, particularly in the U.S. and Europe, as they work to meet the needs of AI and tech advancements.

What is the relationship between AI and energy infrastructure as discussed in the video?

AI is expected to significantly increase demand for energy, particularly for high-voltage power required to support advanced AI technologies. The expert notes that both the U.S. and Europe are facing the challenge of upgrading their aging power infrastructure to meet this demand, which is creating investment opportunities in energy infrastructure ETFs.

How does the upcoming U.S. election factor into the energy infrastructure theme?

The U.S. election is important because whichever candidate wins will likely continue to prioritize energy infrastructure. The expert mentions that while there may be differences in focus—such as Trump’s emphasis on traditional infrastructure versus Biden’s focus on renewable energy—the need to strengthen energy infrastructure remains a common goal.

What is the advice for investors regarding domestic vs. international energy infrastructure ETFs?

The expert suggests focusing more on international energy infrastructure ETFs, particularly those in the U.S. and Europe, as they are likely to see strong growth due to the increased demand for energy. In comparison, domestic energy infrastructure ETFs in Korea have already experienced significant gains and might not offer as much potential for further growth.

What are some of the key ETFs mentioned for U.S. and global energy infrastructure investments?

The expert highlights several ETFs for U.S. and global energy infrastructure, such as 'KOSPI AI Energy Core Facilities ETF', 'Hana Energy Facility Investment ETF', and international options like 'KOSPI Global Energy Infrastructure ETF'. Additionally, the expert mentions two U.S. ETFs focused on AI energy infrastructure, including the 'KODEX U.S. AI Energy Core Infrastructure ETF'.