SpaceX Surges After Listing! Should I Invest Now?_June 26, 2018. | Park Hyeonji, Yeo Doeun, Heo Jaemu [Morning N Investment]

Summary

Hosts Heo Jae-mu and Yeo Do-eun discuss a divided Korean market with KOSDAQ weakness and a semiconductor-led rally. ETF manager Park Hyeonji joins to analyze the surge in newly listed SpaceX ahead of major index inclusions, the implications of a steady FOMC and easing rates for gold, and to tease an upcoming segment on Doosan and LG group ETFs.

• KOSDAQ is underperforming due to concentration of funds in large-cap semiconductors like Samsung and SK hynix.
• SpaceX made a blockbuster listing debut, jumping 19% on day one and 49% over four days.
• Park argues that looming inclusion in Nasdaq, Russell, and MSCI indices will attract large passive flows into SpaceX-heavy ETFs.
• She recommends holding SpaceX positions until the index inclusion event around late June to early July, then managing risk.
• The FOMC held rates and signaled a potential slowdown in tightening, which Park interprets as a positive sign for gold.
• With easing rate expectations, she suggests monitoring gold and gold mining ETFs as a cyclical rotation play.
• Oil prices fell sharply on peace talk progress, while gold rallied.
• An upcoming segment will feature detailed analysis of Doosan and LG group holding-company ETFs.