Foreigners are currently accumulating... KOSDAQ announces prelude to a 3-year cycle massive surge. 'Beneficiary sectors and stocks are right here' | Director Lee Ju-yeon

Summary

Director Lee Ju-yeon discusses the KOSDAQ market outlook driven by the National Growth Fund, pension fund allocation increases, foreign buying, and a historical 3-year cycle. He highlights beneficiary sectors including energy, pharma/biotech, AI/semiconductors, and robots, and recommends the KOSDAQ 150 Leverage ETF on pullbacks. He also notes the need for stable interest rates and reduced geopolitical risk.

• The National Growth Fund launched with 30% mandatory KOSDAQ allocation, selling out in 30 minutes on the first day.
• Pension funds are expected to increase KOSDAQ investment from 3% to 10%, potentially injecting 16 trillion won.
• Foreign investors have been net buyers of KOSDAQ for 6 consecutive days.
• KOSDAQ historically surges every 3 years, and current policy support suggests a similar opportunity.
• Energy (new renewable) is the first investment target of the National Growth Fund due to AI data center power needs.
• Pharma/biotech sector benefits from dedicated government vaccine and FDA clinical trial funds.
• The KOSDAQ 150 Leverage ETF is recommended for those unable to pick stocks, with a buying opportunity on pullbacks.
• Geopolitical risk reduction (Iran-US peace) and falling oil/gold yields support growth stocks.