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Macro Charts
@MacroCharts
30 years in markets. ex-Fund Manager, now independent. Focus on BIG trends, actionable ideas, and execution.
加入 April 2019
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Another overnight plunge and trading halt: -KOSPI is down 36% from its peak made just a month ago. -It has erased all gains since February, and given back 2/3 of YTD returns. -5 months of gains wiped in 5 weeks. At today's low, SK Hynix was down 58% from its June high: -The 2x ETF (7709) is down 80%, and still has $6 billion in AUM. -The 3x ETF is down 96%. *Korea will increase levered ETF deposit requirements on July 31.
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The 3x SK Hynix fund was launched one month ago, peaked at 36 three weeks ago, and is trading at 4. The 2x fund (7709 HK) is down 70%, and still has $9bn in AUM...