코스닥 활성화 정책, 바이오주 물 들어올까?_26.05.07. | 최창규, 여도은, 허재무 [아침N투자]

Summary

Choi Chang-gyu, Head of ETF Research at Mirae Asset, and Park Hyun-jin, Manager, discuss KOSDAQ activation policies, particularly the National Growth Fund, and their potential to boost biotech stocks. They also analyze the AI CPU market, highlighting AMD and ARM, and reveal recent rebalancing of the TIGER Semiconductor Top 10 ETF towards inference-related components like MLCC and substrates. Additionally, they touch on MSCI developed market watchlist prospects and the hype around single-stock leveraged ETFs.

• Government policy funds, including the National Growth Fund, aim to channel liquidity into KOSDAQ and biotech sectors.
• AMD and ARM are favored for their power-efficient CPU architectures in the AI inference era.
• The TIGER Semiconductor Top 10 ETF increased exposure to Samsung Electro-Mechanics and SK Square to capture inference demand.
• Park Hyun-jin expects Korea to be placed on the MSCI developed market watchlist due to improved foreign access and memory cycle strength.
• SK hynix is seen as a beneficiary of long-term memory demand and easier foreign investment.
• Single-stock leveraged ETFs for Samsung Electronics and SK hynix are generating retail enthusiasm and potential supply-demand effects.
• The bio sector remains overlooked but could see a rotation after leverage ETF hype subsides.
• CPU-focused ETFs do not yet exist, but the speakers note a growing investment theme.