How foreign, institutional investors reap over 23% profits 23%이상의 수익을 올렸을까

[김우정]

부진한 장세속에서 외국인과 기관투자자들은 23%의 수익을 올렸습니다.
가장 큰 요인은 외국인들의 선호주식인 SK하이닉스의 주가가 약 15.9% 상승한 데 따른 것입니다.
외국인 투자자들은 고려아연, KT, KB금융지주, 현대 모비스, HD대한조선해양, 삼성생명을 샀습니다.
상대적으로 어려움을 겪은 개인투자자들이 고전한 이유는 정보의 불균형이 큰 요인입니다.
개인투자자들이 외국인과 기관투자자들의 수익율을 따라가기는 어려워보입니다.
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How foreign, institutional investors reap over 23% profits in sluggish KOSPI
어떻게 외국인, 기관 투자자가 부진한 코스피에서 23% 이상의 수익을 올렸을까?

By Lee Yeon-woo 이연우 기자
Posted : 2024-10-28 16:24 Updated : 2024-10-28 20:50
Korea Times

 

Gettyimagesbank 게티 이미지뱅크

Retail investors struggled this month as the benchmark KOSPI posted a modest 1 percent gain, dragged down by the underperformance of large-cap stocks. Despite the challenging conditions, foreign and institutional investors achieved impressive results, with the average price increase of their top 10 net purchases recording 23 percent during the same period.
이번 달 개인 투자자들은 대형주의 실적 부진으로 벤치마크 KOSPI가 소폭의 1% 상승을 기록하면서 어려움을 겪었다. 어려운 여건에도 불구하고 외국인과 기관 투자자들은 같은 기간 상위 10개 종목의 평균 순매수 가격 상승률이 23%를 기록하는 등 인상적인 성과를 거두었다.

Market watchers attributed these differences to variations in investment strategies and access to information.
시장 관계자들은 이러한 차이를 투자전략과 정보 접근성의 차이 때문이라고 설명하고 있다.

According to the Korea Exchange, the top 10 stocks most heavily bought by foreign investors from Oct. 2 to Monday showed an average gain of 23 percent.
한국거래소에 따르면 10월 2일부터 월요일까지 외국인 투자자들이 가장 많이 매수한 상위 10개 종목의 평균상승률은 23%에 달했다.

This was driven by a surge in SK hynix, the stock most favored by foreign investors, which saw its price rise approximately 15.9 percent. The rise came after the company reported record-breaking quarterly earnings in the third quarter, bolstered by a smooth supply of fifth-generation high-bandwidth memory (HBM) chips.
이는 외국인 투자자들이 가장 선호하는 주식인 SK하이닉스의 주가가 약 15.9% 상승한 데 따른 것이다. 이 같은 상승세는 5세대 고대역폭 메모리(HBM) 칩의 원활한 공급에 힘입어 3분기에 기록적인 분기 실적을 발표한 이후 나온 것이다.

Hanwha Aerospace and Doosan Enerbility, which ranked second and third in net purchases, also rose by more than 21.9 percent and 23.6 percent, respectively, thanks to robust exports in defense and small modular reactors.
순매수 2위와 3위를 차지한 한화에어로스페이스와 두산에너지도 방산 및 소형 모듈형 원자로 수출 호조에 힘입어 각각 21.9%, 23.6% 이상 상승했다.

Foreign investors also focused their net purchases on Korea Zinc, KT, KB Financial Group, Hyundai Mobis, HD Korea Shipbuilding & Offshore Engineering, and Samsung Life Insurance.
외국인 투자자들은 고려아연, KT, KB금융지주, 현대 모비스, HD대한조선해양, 삼성생명에도 순매수에 집중했다.

Similarly, the top 10 stocks most actively purchased by institutional investors also experienced a significant gain of 22.4 percent.
마찬가지로 기관 투자자들이 가장 활발하게 매수한 상위 10개 종목도 22.4%의 큰 상승률을 기록했다.

Hyundai Mobis, with the most net purchases, saw its stock price rise by approximately 17.9 percent during this period. Institutional investors also focused their buying on Korea Zinc, Doosan Enerbility, HYBE and Hana Financial Group.
순매수가 가장 많은 현대 모비스의 주가는 이 기간 동안 약 17.9% 상승했습니다. 기관 투자자들은 고려아연, 두산에너지, 하이브, 하나금융지주에도 집중적으로 매수했다.

While the investment portfolios of foreign and institutional investors overlapped in some areas, retail investors made different choices. The top 10 stocks they purchased recorded an average loss of 1.7 percent, with nine of these 10 stocks seeing prices decline.
외국인과 기관 투자자의 투자 포트폴리오가 일부 영역에서 겹치는 동안 개인 투자자들은 다른 선택을 했다. 이들이 매수한 상위 10개 종목은 평균 1.7%의 손실을 기록했으며, 이 중 9개 종목은 가격이 하락했다.

Samsung Electronics, the most heavily purchased stock by retail investors, dropped 5.2 percent. The decline was linked to delays in the approval of fifth-generation HBM supplies to Nvidia and weaker-than-expected third-quarter earnings.
개인투자자들이 가장 많이 매수한 종목인 삼성전자는 5.2% 하락했다. 이러한 하락세는 엔비디아에 대한 5세대 HBM 공급 승인 지연과 예상보다 부진한 3분기 실적과 관련이 있다.

Kia and Hyundai Motor, the second and third most purchased stocks respectively, both fell by more than 3 percent. Hanwha Industrial Solutions, which ranked 10th in net purchases, was the only stock to post a positive return, surging 29.3 percent.
각각 두 번째와 세 번째로 많이 매수한 종목인 기아와 현대 자동차는 모두 3% 이상 하락했다. 순매수 10위를 차지한 한화 인더스트리얼 솔루션은 29.3% 급등하며 유일하게 플러스 수익률을 기록했다.

The stark difference in investment performance between retail and foreign investors can be attributed to their differing abilities to identify and invest in high-value stocks, according to Suh Ki-soo, a finance professor at Seokyeong University.
서기수 서경대 재무학과 교수에 따르면 개인 투자자와 외국인 투자자의 투자 성과 차이는 고부가가치 주식을 식별하고 투자하는 능력이 다르기 때문일 수 있다고 한다.

Investment strategies differ as well — retail investors tend to focus on buying stocks at low prices, often adding to their portfolios after foreign and institutional investors sell and drive prices down, according to a 2022 report by the Korea Capital Market Institute (KCMI).
한국자본시장연구원(KCMI)의 2022년 보고서에 따르면 개인 투자자들은 낮은 가격에 주식을 매수하는 데 집중하는 경향이 있으며, 외국인과 기관 투자자가 매도하고 가격을 하락시킨 후 포트폴리오를 추가하는 경우가 많다.

Additionally, if these stocks decline further, retail investors frequently buy more or delay their sales, easily influenced by psychological factors and external circumstances.
또한 이러한 주식이 더 하락하면 개인 투자자는 심리적 요인과 외부 상황의 영향을 쉽게 받아 더 많이 매수하거나 매도를 지연시키는 경우가 많다.

"To improve retail investors' performance and maintain the efficiency of the capital market, it is essential to devise measures to mitigate behavioral biases and their impact on investment decisions," said Kim Min-ki, a research fellow at KCMI, recommending an increased focus on professional consulting and financial education.
김민기 KCMI 연구위원은 "개인 투자자의 성과를 개선하고 자본시장의 효율성을 유지하기 위해서는 행동 편향성을 완화하고 투자 결정에 미치는 영향을 완화하는 방안을 강구하는 것이 필수적,"이라며 전문 컨설팅과 금융교육에 대한 집중도를 높일 것을 권고했다.

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