\uc8fc\uc2dd\uc774\ub098 \ucc44\uad8c, \ud380\ub4dc, ELS \uac19\uc740 \uc0c1\ud488\uc740 \uad6c\uae00\ub9c1\uc774\ub098 \ub124\uc774\ubc84\uc9c0\uc2dd\uac80\uc0c9\ub9cc\uc73c\ub85c\ub3c4 \uc900 \uc804\ubb38\uac00 \uc218\uc900\uc758 \uc9c0\uc2dd\uc744 \uc5bb\uc744 \uc218 \uc788\uc73c\ubbc0\ub85c \uad73\uc774 \uc790\uc138\ud788 \uc124\uba85\ud560 \ud544\uc694\ub294 \uc5c6\uc73c\ub9ac\ub77c\uace0 \uc0dd\uac01\ub41c\ub2e4. \ub2e4\ub9cc, \ud754\ud788 \ub9d0\ud558\ub294 \uc704\ud5d8\uc0c1\ud488 \ub610\ub294 \ud30c\uc0dd\uc0c1\ud488, \uac04\uc811\ud22c\uc790
\n\uc0c1\ud488\ub4e4\uc758 \ud2b9\uc9d5\uacfc \uc5b4\ub5bb\uac8c \uc7ac\ud14c\ud06c\uc5d0 \ud22c\uc790\ud574\uc57c \ud558\ub294 \uac00 \ud558\ub294 \uc810\uc744 \ud6d1\uc5b4\ubcf4\uace0\uc790 \ud55c\ub2e4.<\/p>\n
1. \uc8fc\uc2dd<\/p>\n
\uc8fc\uc2dd\ud22c\uc790\ub294 \uac70\ub798\uc18c\uc5d0 \uc0c1\uc7a5\ub41c \uc77c\uc815\ud55c \uae30\uc900\uc774 \ub418\ub294 \uae30\uc5c5(\uc0c1\uc7a5\uae30\uc5c5 \ub610\ub294 KOSDAQ \ub4f1\ub85d \uae30\uc5c5 \uae30\uc900)\uc758 \uc8fc\uad8c\uc5d0 \ud22c\uc790\ud574\uc11c \uc218\uc775\uc744 \uc5bb\ub294 \ud22c\uc790 \ubc29\ubc95\uc774\ub2e4. \uc774 \uc8fc\uc2dd \ud22c\uc790\ub77c\ub294 \uac83\uc740 \ud55c \ubc88\uc529 \uc8fc\uc2dd \uc5f4\ud48d\uc774 \ubd88\uba74 \ud0dd\uc2dc\uae30\uc0ac\ub098 \uc560 \uc5c5\uace0 \uc7a5\ubc14\uad6c\ub2c8\ub97c
\n\uc606\uc5d0 \ub080 \uc544\uc8fc\uba38\ub2c8\ub3c4 \uc99d\uad8c\uc0ac \uc9c0\uc810 \ub610\ub294 \uac1d\uc7a5\uc5d0 \ub098\ud0c0\ub098 \ubb3b\uc9c0\ub9c8 \ud22c\uc790\ub97c \ud55c\ub2e4\ub294 \uc18c\ubb38\ub4e4\uc744 \uadfc\uac70\ub85c \ube44\ucdb0\ubcf4\uc544 \uac01\uacc4 \uac01\uce35, \ub0a8\ub140\ub178\uc18c\ub97c \ubd88\ubb38\ud558\uace0 \ub2e4 \uc798 \uc544\ub294 \ubc29\ubc95\uc774\ub77c\uace0 \uc0dd\uac01\ub41c\ub2e4. \ud558\uc9c0\ub9cc \uc8fc\ubcc0\uc5d0 \uc8fc\uc2dd \ud22c\uc790\ub85c \uc7ac\ud14c\ud06c\ub97c \uc798 \ud558\uace0 \uc788\ub2e4\ub294
\n\uc0ac\ub78c\ubcf4\ub2e4 \uc8fc\uc2dd\ud22c\uc790\uc5d0 \uc2e4\ud328\ud588\ub2e4\ub294 \uc0ac\ub78c\uc744 \ub9ce\uc774 \ubcf4\uac8c \ub418\ub294\ub370 \uadf8 \uc774\uc720\ub294 \uc8fc\uc2dd \ud22c\uc790\uc758 \ubcf8\uc9c8\uc744 \uc798 \ubaa8\ub974\uae30 \ub54c\ubb38\uc5d0 \ubc1c\uc0dd\ud558\ub294 \uc77c\uc774\ub2e4.
\n \uc8fc\uc2dd\ud22c\uc790\uc5d0 \ub300\ud574 \uacf5\ubd80\ud55c \uc0ac\ub78c\ub4e4\uc740 \uc798 \uc54c\uaca0\uc9c0\ub9cc \uc8fc\uc2dd \ud22c\uc790\ub97c \ud1b5\ud574 \uae30\ub300\ud560 \uc218 \uc788\ub294 \uacbd\uc6b0\ub294
\n 1. \ud22c\uc790\ud55c \uae30\uc5c5\uc758 \uc774\uc775\uc774 \ub9ce\uc774 \uc0dd\uaca8\uc11c \ubc30\ub2f9\uc744 \ubc1b\ub294 \uacbd\uc6b0\uc640
\n 2. \uae30\uc5c5\uc774 \uc8fc\ubaa9\ubc1b\ub294 \uacbd\uc6b0\uc5d0 \uc8fc\uac00\uac00 \uc62c\ub77c\uc11c \uc2dc\uc138 \ucc28\uc774\ub97c \uc5bb\ub294 \uacbd\uc6b0
\n\uc5d0 \ud22c\uc790\uc790\uc758 \uc774\uc775\uc744 \uae30\ub300\ud560 \uc218 \uc788\ub2e4.
\n 1\ubc88\uc758 \uacbd\uc6b0\ub97c \ucc3e\uc73c\ub824\uace0 \ud558\uba74 \uae30\uc5c5\ub4e4\uc758 \ubc30\ub2f9 \uc815\ubcf4\ub97c \uc0c1\uc138\ud788 \ucc3e\ub294 \uc218\uace0\uac00 \ud544\uc694\ud558\ub2e4. \ubaa8\ub4e0 \uae30\uc5c5\ub4e4\uc774 \uc774\uc775\uc774 \ub0ac\ub2e4\uace0 \ubc30\ub2f9\uc744 \ub9c9 \uc8fc\uc9c0 \uc54a\uc73c\ubbc0\ub85c (\uc544\ub9c8 \uadf8\ub8f9 \ud68c\uc7a5\ub2d8\uc758 \uc5f0\ubd09\uc774\ub098 \uacbd\ube44\ub85c \uc4f0\uace0 \ub0a8\ub294\ub3c8\uc740 \uc784\uc6d0\ub4e4 \ubcf4\ub108\uc2a4 \uc8fc\uaca0\uc9c0) \ubc30\ub2f9\uc2e4\uc801\uacfc
\n\uc62c\ud574\uc758 \ucd94\uc815 \uc774\uc775\uc744 \uc798 \ucc3e\uc544\ubcf4\uace0 \ubc30\ub2f9\uc744 \ub9ce\uc774 \uc904 \uac83 \uac19\uc740 \uae30\uc5c5\ub4e4\uc744 \ucc3e\uc544\ubcf4\uace0 \ud22c\uc790\ud574\uc57c \ud55c\ub2e4. \ud2b9\ud788 \uc2e4\uc801\uc774 \uc88b\uc740 \uae30\uc5c5\ub4e4\uc740 \ubc30\ub2f9\uc744 \ub9ce\uc774 \uc904 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc8fc\uac00\uac00 \uc624\ub974\ub2c8 \uad73\uc774 \ubc30\ub2f9\uc744 \ubc1b\uc744 \ud544\uc694 \uc5c6\uc774 \ucda9\ubd84\ud788 \uc8fc\uac00\uac00 \uc62c\ub790\uc744 \ub54c \ud314\uc544\uc11c \uc2dc\uc138 \ucc28\uc774\ub97c \uc62c\ub824\ub3c4 \ubc30\ub2f9\uc744 \ubc1b\ub294 \uac83\uacfc \ube44\uc2b7\ud55c \uc218\uc775\uc744 \uc5bb\uc744 \uc218 \uc788\ub2e4.<\/p>\n
2\ubc88\uc758 \uacbd\uc6b0\uc5d0 \ud574\ub2f9\ud558\ub294 \uc8fc\uac00\uac00 \uc624\ub974\ub294 \uc0ac\uc720\ub85c\ub294 \uae30\uc220\uac1c\ubc1c, \uc2e0\uc0c1\ud488 \ucd9c\uc2dc, \ud569\ubcd1, \uacbd\uc7c1\ud68c\uc0ac \ucd9c\ubab0 \ub4f1\uacfc \uac19\uc740 \uacbd\uc81c\uc801\uc778 \ud658\uacbd\ubd80\ud130 \uc720\uba85 \uc5f0\uc608\uc778\uc774 \uad11\uace0\ubaa8\ub378\ub85c \uc12d\uc678\ub418\ub294 \uacbd\uc6b0, \uadf8\ub8f9 \ucd1d\uc218\uac00 \uc0ac\uba74\ub418\ub294 \uacbd\uc6b0, \ubbf8\uad6d \uae30\uc5c5\uc774 M&A\ub97c \ud558\ub824\uace0 \ud55c\ub2e4\ub294 \uc18c\ubb38, \ub3d9\uc885\uc5c5\uacc4(\uacbd\uc7c1\ud68c\uc0ac)\uac00 \uc624\ub974\ub2c8\uae4c \ub369\ub2ec\uc544 \uc624\ub974\ub294 \ub4f1 \uac16\uac00\uc9c0 \uc774\uc720\ub85c \uc624\ub978\ub2e4. \ub300\ubd80\ubd84 \uadf8\ub7f4\ub4ef\ud55c \uc774\uc720\ub85c \ubcf4\uc774\uace0 \ud569\ub9ac\uc801\uc778 \uac83 \ucc98\ub7fc \ubcf4\uc774\uace0 \ub610 \uc2e4\uc81c\ub85c \uc8fc\uac00\uac00 \ubbf8\uce5c\ub4ef\uc774 2-3\uac1c\uc6d4 \uae38\uac8c\ub294 1\ub144 \uac00\uae4c\uc774 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc774\uae30\ub3c4 \ud558\uc9c0\ub9cc \uc8fc\uac00\uac00 \ud3ed\ub77d\ud55c \ub2e4\uc74c\uc5d0 \ubcf4\uba74 \ub9d0\ub3c4 \uc548\ub418\ub294 \uc18c\ubb38\uc5d0 \ub180\uc544\ub09c \uac83 \uac19\uc740 \ud5c8\ubb34\ud568\uae4c\uc9c0 \ub4e4 \ub54c\ub3c4 \uc788\ub2e4.
\n \uc8fc\uac00\uac00 \uc624\ub97c \ub54c\ub294 \uc545\ud50c\uae4c\uc9c0 \uae30\uc5c5\uc5d0 \ub300\ud55c \uad00\uc2ec\uc73c\ub85c \ubcf4\uc774\ub098 \uc8fc\uac00\uac00 \ube60\uc9c8 \ub54c\ub294 \uc544\ubb34\ub9ac \ub6f0\uc5b4\ub09c \uc2e4\uc801\uc774\ub77c\ub3c4 \ud5c8\ubb34\ud558\uac8c \ubb3b\ud600 \ubc84\ub9ac\ub294 \uacbd\uc6b0\uac00 \ud5c8\ub2e4\ud558\ub2e4. \uc6cc\ub80c \ubc84\ud54f \uac19\uc740 \ud22c\uc790\uc758 \ub300\uac00\ub4e4\uc774 \ub9d0\ud558\ub294 \uc8fc\uc2dd \ud22c\uc790\uc5d0 \ub300\ud55c \ucca0\ud559\uc774\ub098 \uc870\uc5b8\ub4e4\uc744 \ubcf4\uba74 \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc18d\uc131\uc744 \uc815\ud655\ud558\uac8c \uc124\uba85\ud558\uace0 \uc788\ub2e4.<\/p>\n
\uc774\ub7f0 \uc804\uc7c1\ud130\uac19\uc740 \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c \uc8fc\uc2dd \ud22c\uc790\ub97c \ud1b5\ud574 \ub3c8\uc744 \ubc84\ub294 \ubc29\ubc95\uc73c\ub85c \uac00\uc7a5 \ub9ce\uc774 \ucd94\ucc9c \ubc1b\ub294 \ubc29\ubc95\uc740 \uc7a5\uae30\ud22c\uc790\uc774\ub2e4. \uae30\uc5c5\uc758 \ud380\ub354\uba58\ud0c8\uc744 \ubd84\uc11d\ud558\uc5ec “\uc774 \uae30\uc5c5\uc740 \ubc18\uc9dd \uc778\uae30\uc5d0 \ud718\ub458\ub9ac\ub294 \uae30\uc5c5\uc774 \uc544\ub2c8\ub77c \uc544\uc8fc \uc624\ub7ab\ub3d9\uc548 \uae30\uc220\uac1c\ubc1c\uacfc \uc2dc\uc7a5\uc5d0\uc11c\uc758 \ub178\ub825\uc73c\ub85c \ubc84\ud2f4 \uae30\uc5c5\uc774\uba70 \ud6cc\ub96d\ud55c \ubc1c\uc804 \ubaa8\ub378\uc744 \uac00\uc9c4 \uae30\uc5c5” \uc774\ub77c\uace0 \ud560 \uc218 \uc788\ub294 \uae30\uc5c5\uc744 \uace8\ub77c \ud22c\uc790\ud558\ub294 \ubc29\ubc95\uc774\ub2e4. 1-2\ub144 \ub0b4 20-30%\uc758 \uc8fc\uac00 \ud558\ub77d\ucbe4\uc740 \ub044\ub5a1\uc5c6\uc774 \uae30\ub2e4\ub824\uc8fc\uace0 \ucd94\uac00\ub85c 5\ub144 \uc815\ub3c4\uc5d0 4-50% \uc815\ub3c4 \uc62c\ub77c \uc8fc\uae30\ub97c \uae30\ub300\ub824 \uc8fc\ub294 \uc7a5\uae30 \ud22c\uc790\ub97c \ucd94\ucc9c\ud55c\ub2e4. \ud558\uc9c0\ub9cc \ube68\ub9ac\ube68\ub9ac\ub97c \uc678\uccd0\ub300\ub294 \uc131\uaca9 \uae09\ud55c \ub300\ud55c\ubbfc\uad6d \uad6d\ubbfc\ub4e4 \uc911 \uc774\ub7f0 \ud22c\uc790 \ubc29\ubc95\uc744 \uc120\ub73b \uc218\uae0d\ud558\uace0 \uc9c4\uc2ec\uc73c\ub85c \ub530\ub97c \uc218 \uc788\ub294 \uc0ac\ub78c\uc774 \uba87 \uc0ac\ub78c\uc774\ub098 \uc788\uc744\uae4c? \uc27d\uc9c0 \uc54a\uace0 \uc5b4\ub835\uace0 \ub9ce\uc740 \ub370\uc774\ud130 \ubd84\uc11d\uacfc \uc2dc\uc7a5\uc5d0 \ub300\ud55c \ud655\uace0\ud55c \ubbff\uc74c\uacfc \uae30\ub2e4\ub9bc\uc774 \ud544\uc694\ud55c \ud22c\uc790 \ubc29\ubc95\uc774\uba70 \ud22c\uc790\uc758 \uc815\uc11d\uc774\ub77c\uace0 \ud560 \uc218 \uc788\ub2e4.
\n \ub610 \ub2e4\ub978 \ubc29\ubc95\uc740 \uae30\uc220\uc801 \ubd84\uc11d\uc744 \ud1b5\ud558\ub294 \ubc29\ubc95\uc774\ub2e4. \uae30\uc220\uc801 \ubd84\uc11d\uc740 \uc8fc\uac00\uc5d0 \uc2dc\uc7a5\uc758 \ubaa8\ub4e0 \uc815\ubcf4 (\uc2ec\uc9c0\uc5b4 \ud22c\uc790\uc790\ub4e4\uc758 \uc2ec\ub9ac\uc0c1\ud0dc\uae4c\uc9c0 \ubaa8\ub450 )\uac00 \ubc18\uc601\ub418\uc5c8\ub2e4\ub294 \uac00\uc815\uc73c\ub85c \ucc28\ud2b8\uc758 \ub2e4\uc591\ud55c \ubaa8\uc2b5\uacfc \ud2b9\uc9d5\uc744 \ubd84\uc11d\ud558\uc5ec \uc8fc\uac00\uac00 \uc624\ub97c \uac83\uc778\uc9c0 \ub0b4\ub9b4 \uac83\uc778\uc9c0 \ubd84\uc11d\ud558\ub294 \ubc29\ubc95\uc774\ub2e4.
\n \uc774\ub7f0 \uae30\ubcf8\uc801\uc778 \ubc29\ubc95\uacfc \uae30\uc220\uc801 \ubc29\ubc95\uc5d0 \ub300\ud55c \uc790\uc138\ud55c \ub0b4\uc6a9\uc740 \uad6c\uae00\ub9c1\uc744 \uc870\uae08\ub9cc \ud574 \ubcf4\uba74 \uc218\ub9cc \ud398\uc774\uc9c0\uc5d0 \uc774\ub974\ub294 \uc790\ub8cc\uac00 \ub098\uc624\ubbc0\ub85c \ud328\uc2a4\ud558\uace0 \uc7ac\ud14c\ud06c\uc758 \uad00\uc810\uc5d0\uc11c \ubcf4\uba74 \uc5b4\ub5a0\ud55c \ud615\ud0dc\ub85c\ub77c\ub3c4 \uc8fc\uc2dd \ud22c\uc790\ub97c \ud558\ub294 \uac83\uc774 \uc815\ub2f5\uc774\ub2e4.<\/p>\n
\uc8fc\uc2dd \ud22c\uc790\ub97c \ud574\uc57c \ud558\ub294 \uc774\uc720\ub294 \uc8fc\uac00\uc758 \ubcc0\ub3d9\uc131 \ub54c\ubb38\uc774\ub2e4. \uc989, \uae30\uc5c5\uac00\uce58\uac00 \uac70\uc758 \ubcc0\ud558\uc9c0 \uc54a\ub294 \ud558\ub8e8\uc774\ud2c0 \uc0ac\uc774\uc5d0\ub3c4 \ub274\uc2a4\ub098 \uae30\ub300\uac10 \uc2dc\uc7a5\uc758 \ub3d9\uc694, \uacbd\uc81c \ud658\uacbd \ub4f1\uc5d0 \uc758\ud574 \uc8fc\uac00\ub294 \ub04a\uc784\uc5c6\uc774 \ubcc0\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0 \uac1c\uc778\uc774 \ub3c8\uc744 \ubc8c \uc218 \uc788\ub294 \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4. \ubcf5\uad8c\uc744 \uc0b0 \uc0ac\ub78c\uc774 1\ub4f1\uc5d0 \ub2f9\ucca8 \ub420 \ud655\ub960\uc740 \uc218\ubc31\ub9cc \ubd84\uc758 1 \uc774\uc9c0\ub9cc, \ubcf5\uad8c\uc744 \uc0ac\uc9c0 \uc54a\uc740 \uc0ac\ub78c\uc740 \uadf8\ub0e5 0\uc774\ub2e4. \ud22c\uc790\ub97c \ud558\uc9c0 \uc54a\ub294 \uc0ac\ub78c\uc5d0\uac90 \uc601\uc6d0\ud788 \ub3c8\uc744 \ubd88\ub9b4 \uae30\ud68c\uac00 \uc5c6\ub2e4.
\n \uc8fc\uc2dd\uc740 \uac04\uc811\uc801\uc73c\ub85c \uc0ac\uc5c5\uc744 \ud558\ub294 \uac83\uc774\ub2e4. \uc8fc\uc2dd\uc774\ub780 \ud68c\uc0ac\uc758 \uc790\ubcf8\uae08\uc5d0 \ub300\ud55c \uad8c\ub9ac\uc774\ubbc0\ub85c \ud68c\uc0ac\ub97c \uc0ac\ub294 \uac83\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub2e4. \ud2b9\ud788, \ub3d9\uc2dc\uc5d0 \uc5ec\ub7ec\uac1c\uc758 \uc0ac\uc5c5\uc5d0 \ud22c\uc790\ud560 \uc218\ub3c4 \uc788\uace0 \ud63c\uc790\uc11c \ud560 \uc218 \uc5c6\ub294, \uc774\ubbf8 \ucc3d\uc5c5\ud558\uc5ec \ud2bc\ud2bc\ud558\uac8c \uc131\uc7a5\ud55c \ud68c\uc0ac\ub4e4 \uc911 \ud558\ub098\ub97c \uace8\ub77c \uadf8 \ud68c\uc0ac\uc5d0 \uc62c\ub77c\ud0c0\ub294 \uac83\uacfc \uac19\uc73c\ubbc0\ub85c \uc26c\uc6b4 \ud22c\uc790\uc774\ub2e4.<\/p>\n
\uac1c\ubcc4 \uc8fc\uc2dd \uc885\ubaa9\uc5d0 \ub300\ud55c \ud655\uc2e0\uc774 \uc5c6\uc744 \ub54c\uc5d0\ub294 \uc6b0\ub9ac\ub098\ub77c \uc8fc\uc2dd \uc2dc\uc7a5 \uc804\uccb4\uc5d0 \ud22c\uc790\ud560 \uc218\ub3c4 \uc788\ub2e4. \uc6b0\ub9ac\ub098\ub77c \uc8fc\uc2dd \uc2dc\uc7a5 \uc804\uccb4\uc758 \uc2dc\uc138\ub97c \ub300\ud45c\ud558\ub294 \uc9c0\uc218 (Index)\uac00 KOSPI \ub610\ub294 KOSPI 200 \ub4f1\uc774 \uc788\ub2e4. \uc6b0\ub9ac\ub098\ub77c \uacbd\uc81c\uac00 \ubc1c\uc804\ud560 \uac83\uc774 \ud655\uc2e4\ud558\ub2e4\uba74 \uc774 \uc9c0\uc218 \uc790\uccb4(Index, \uc2dc\uc7a5 \uc804\uccb4)\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\ub3c4 \uc88b\uc740 \ud22c\uc790 \uc804\ub7b5\uc77c \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc2dc\uc7a5\uc5d0 \ud328\ub2c9\uc774 \uc628 IMF\ub098 2008\ub144 \uae08\uc735\uc704\uae30\uc640 \uac19\uc740 \uacbd\uc6b0 \uc8fc\uac00\uac00 \ube44 \uc815\uc0c1\uc801\uc73c\ub85c \ub5a8\uc5b4\uc9c0\uac8c \ub418\ub294 \ub370 \uacbd\uc81c\uac00 \ud68c\ubcf5\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4\uba74 KOSPI 200 \uc8fc\uac00 \uc9c0\uc218\uc5d0
\n\ud22c\uc790\ud558\ub294 \uac83\uc774 \uc88b\uc740 \ud22c\uc790 \uc804\ub7b5\uc774\ub2e4. \ud55c\uac00\uc9c0 \uc720\uc758\ud560 \uc810\uc740 \uc9c0\uc218\ub97c \uc9c1\uc811 \uc0b4 \uc218\ub294 \uc5c6\uc73c\ubbc0\ub85c \uc120\ubb3c\uc774\ub098 ETF\ub97c \ud65c\uc6a9\ud574\uc57c \ud55c\ub2e4.
\n \uac1c\ubcc4 \uc885\ubaa9\uc744 \ubaa8\ub450 \uc77c\uc77c\uc774 \ub4e4\uc5ec\ub2e4 \ubcf4\uace0 \uc624\ub97c\uc9c0 \ub0b4\ub9b4\uc9c0 \uace0\ubbfc\ud558\uace0 \uc5f0\uad6c\ud558\ub294 \uac83 \ubcf4\ub2e4\ub294 \uc6b0\ub9ac\ub098\ub77c \uacbd\uc81c\uac00 \uc2ec\ud558\uac8c \ucda9\uaca9\uc744 \ubc1b\uc558\uc744 \ub54c(\ud3ed\ub77d\ud588\uc744 \ub54c) \uc0ac\uc11c \uacbd\uc81c\uac00 \ud68c\ubcf5\ub420 \ub54c\uae4c\uc9c0 \uae30\ub2e4\ub9ac\ub294 \uac83\uc774 \uac00\uc7a5 \uc26c\uc6b4 \ubc29\ubc95\uc774 \uc544\ub2d0\uae4c \uc0dd\uac01\ub41c\ub2e4. \uc5b4\uc9dc\ud53c
\n\uacbd\uc81c\uac00 \ud68c\ubcf5\ub418\uc9c0 \uc54a\uc73c\uba74 \uc660\ub9cc\ud55c \ud22c\uc790 \uc790\uc0b0\uc758 \uc218\uc775\ub960\uc740 \ubaa8\ub450 0 \uc774\ud558\ub85c \ub5a8\uc5b4\uc9c4\ub2e4\uace0 \uc0dd\uac01\ud574\uc57c \ud55c\ub2e4(\uc608\uae08\uc790\ubcf4\ud638 \ub300\uc0c1\uc774 \ub418\ub294 \uae08\uc561\uc744 \uc81c\uc678\ud558\uace0\ub294 \ubaa8\ub450 \ubd80\ub3c4\uc704\ud5d8\uc774 \uc788\ub2e4\uace0 \ubd10\uc57c\ud55c\ub2e4). \uac1c\ubcc4 \uc885\ubaa9\uc744 \uc5f0\uad6c\ud558\uace0 \ub354 \ub192\uc740 \uc218\uc775\ub960\uc744 \uae30\ub300\ud558\ub294 \uac83\uc740 \uc0ac\uc2e4 \uc804\ubb38\uac00\uc758 \ubaab\uc73c\ub85c \ub0a8\uaca8\ub450\ub294\uac8c \ud604\uba85\ud558\ub2e4.<\/p>\n
2. \ucc44\uad8c<\/p>\n
\ucc44\uad8c\uc740 \uc77c\ubc18\uc778\uc774 \uc27d\uac8c \uc811\ud558\uae30 \ud798\ub4e0 \ubd80\ubd84\uc73c\ub85c \uc5ec\uaca8\uc9c4\ub2e4. \ucc28\ub97c \uc0ac\uac70\ub098 \ubd80\ub3d9\uc0b0 \ub9e4\uc785\uc2dc \ucc44\uad8c\uc744 \uc758\ubb34\uc801\uc73c\ub85c \uac00\uac8c \ub418\uc9c0\ub9cc \ube0c\ub85c\ucee4\uc5d0\uac8c \ubc14\ub85c \ub418\ud314\uc544 \ucc28\uc774\ub97c \uc9c0\ubd88\ud558\ub294 \ube44\uc6a9 \uc815\ub3c4\ub85c \uc778\uc2dd\ud55c\ub2e4. \uac00\ub054\uc740 \ucc44\uad8c\uc744 \ub9cc\uae30\ub54c\uae4c\uc9c0 \uac00\uc9c0\uace0 \uc788\ub2e4\uac00
\n\uc0c1\ud658\ubc1b\ub294 \uacbd\uc6b0\ub3c4 \uc788\ub294\ub370 \uadf8 \uae08\uc561\uc5d0 \ube44\ud574\uc11c\ub294 \ubcf4\uc720\ud558\uace0 \uc788\ub294 \uac83\uc774 \uc624\ud788\ub824 \uc190\ud574\uc77c \ub54c\uac00 \ub9ce\ub2e4. (\ucc28\ub97c \uc0b4 \ub54c \ub300\ucd9c\uc740 6% \ubc1b\uc544\uc11c \ucc44\uad8c\uc744 1.6%\ub85c \uac00\uc9c0\uace0 \uc788\ub2e4\uace0 \uc0dd\uac01\ud574 \ubcf4\ub77c. 6% \uc774\uc790 \uc8fc\uace0 \ub300\ucd9c \ubc1b\uc544 1.6% \ucc44\uad8c\uc5d0 \ud22c\uc790\ud55c\uac83\uacfc \ub3d9\uc77c\ud558\ub2e4.)
\n\ud754\ud788 \uc8fc\uc2dd\uacfc \ucc44\uad8c\uc740 \uc790\uc0b0 \ubc30\ubd84\uc5d0 \ub9ce\uc774 \ub098\uc624\ub294 \ud22c\uc790\uc790\uc0b0\uc73c\ub85c \uae30\uad00 \ud22c\uc790\uac00\ub4e4\uc774 \ud070 \uae30\uae08\uc744 \uc6b4\uc601\ud560 \ub54c \uc8fc\uc2dd\uc758 \ubcc0\ub3d9\uc131 (\uc624\ub974\ub77d \ub0b4\ub9ac\ub77d \ud558\ub294 \uac83) \ubcf4\ub2e4\ub294 \ucc44\uad8c\uc758 \uc548\uc815\uc801\uc778 \uc774\uc790 \uc218\uc775\uc744 \uc694\uad6c\ud560 \ub54c \ud544\uc218\uc801\uc73c\ub85c \uc120\ud0dd\ud558\ub294 \uc790\uc0b0\uad70\uc774\ub2e4.
\n \uac1c\uc778\uc5d0\uac8c \uc815\uae30\uc608\uae08\uc774 \uc788\ub2e4\uba74 \uae30\uad00\ud22c\uc790\uc790\uc5d0\uac8c\ub294 \ucc44\uad8c\uc774 \uc788\ub2e4\uace0 \ud558\uaca0\ub2e4. \ubb3c\ub860, \ucc44\uad8c\ub3c4 \uc2dc\uc911\uae08\ub9ac\uc758 \ubcc0\ub3d9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc624\ub974\ub77d \ub0b4\ub9ac\ub77d \ud55c\ub2e4. \ud558\uc9c0\ub9cc \uc774\uc790\ub97c \uc8fc\ub294 \ucc44\uad8c \ubc1c\ud589 \uc8fc\uccb4\uac00 \ubd80\ub3c4\ub098\uc9c0 \uc54a\ub294 \ud55c \uc815\ud574\uc9c4 \uae30\uc77c\uc5d0 \uc815\ud574\uc9c4
\n\uc774\uc790\ub97c \uaf2d \ubc1b\uc744 \uc218 \uc788\uc73c\ubbc0\ub85c \ucc44\uad8c\uc744 \uc0ac\ub294 \uc21c\uac04 \uc774\uc775\uc774 \uace0\uc815\ub41c\ub2e4(\ubb3c\ub860 \uc911\uac04\uc5d0 \uc2dc\uc138 \ucc28\uc775\uc744 \ub178\ub824 \ud314 \uc218\ub3c4 \uc788\ub2e4).
\n \uae08\ub9ac \ubcc0\ub3d9\uc131\uc774 \ub54c\ub85c\ub294 \uc8fc\uac00 \ubcc0\ub3d9\uc131\ubcf4\ub2e4 \ud070 \uacbd\uc6b0\ub3c4 \ub9ce\uc73c\ub098 \ub300\uccb4\ub85c \ub9cc\uae30\uae4c\uc9c0 \uac00\uc9c0\uace0 \uac08 \ub54c\ub294 \uae30\ub300\uc218\uc775\uc774 \uace0\uc815\ub41c\ub2e4 \ud560 \uc218 \uc788\ub2e4. \ud2b9\ud788 \ub9cc\uae30\uac00 \uc9e7\uc740 \ucc44\uad8c\uacfc \uae30\uc5c5\uc5b4\uc74c\uc5d0 \ud22c\uc790\ud558\ub294 \uc0c1\ud488\uc774 MMF\uc774\ub2e4. \ud558\uc9c0\ub9cc \ub9cc\uae30\uac00 \uc9e7\uace0 \ubcc0\ub3d9\uc131\uc774
\n\uc5c6\ub294 \ub300\uc2e0 \uc218\uc775\ub960\uc740 \ub0ae\ub2e4.
\n \ucc44\uad8c\uc740 \ub9cc\uae30\uac00 \uae38\uc218\ub85d \uc218\uc775\ub960\uc774 \ub192\uace0(\uac12\uc774 \uc2f8\uace0) \uc2e0\uc6a9\ub4f1\uae09\uc774 \ub0ae\uc740 \ubc1c\ud589\uae30\uad00\uc77c \uc218\ub85d \ubc1c\ud589\uae08\ub9ac (\ub610\ub294 \ud560\uc778\uc728)\uc774 \ub192\ub2e4(\uac1a\uc774 \uc2f8\ub2e4). \uc815\ubd80\uac00 100\ub9cc\uc6d0\uc9dc\ub9ac \ucc44\uad8c\uc744 \uae30\ud55c\uc744 \ud55c\ub2ec\ub85c \uc815\ud558\uace0 \ub098\ud55c\ud14c \ud314 \ub54c\uc640 10\ub144\uc744 \uc815\ud558\uace0 \ud314 \ub54c, \uc774\ubbf8 \ub9dd\ud55c \ud68c\uc0ac\uac00 1\ub144 \ud6c4
\n\uac1a\uae30\ub85c \ud558\uace0 100\ub9cc\uc6d0\uc744 \ube4c\ub824\uac00\ub294 \uacbd\uc6b0\uc744 \uc0c1\uc0c1\ud574 \ubcf4\ub77c. \uc5b4\ub290 \ucc44\uad8c\uc744 \uc0b4 \ub54c(\ud22c\uc790) \uc2f8\uaca0\ub294\uac00(\ud560\uc778\uc728\uc774 \ub192\uc740\uac00)? \ub9dd\ud55c \ud68c\uc0ac\ub294 \uc2e0\uc6a9\ub4f1\uae09\uc774 \ubd80\ub3c4(Default)\uc774\ubbc0\ub85c \ud560\uc778\uc728\uc774 100%\ub098 \ub9c8\ucc2c\uac00\uc9c0(\ucc44\uad8c\uc774 \ud734\uc9c0\uc870\uc791\uacfc \ub9c8\ucc2c\uac00\uc9c0, Junk Bond)\uc774\ubbc0\ub85c 1\ub144\uc9dc\ub9ac \uae30\uc5c5\uc5b4\uc74c\uc740 \uac00\uce58\uac00 0\uc5d0
\n\uac00\uae5d\ub2e4(\ub5bc\uc778 \ub3c8\uc774\ub098 \ub9c8\ucc2c\uac00\uc9c0\ub2e4). \uc815\ubd80 \ubc1c\ud589 \ucc44\uad8c\uc774\ub77c\ub3c4 10\ub144\uc529 \ub0b4 \ub3c8\uc774 \ubb36\uc5ec \uc788\uc5b4\uc57c \ud558\ub2c8 \uc774\uc790\ub97c \ub354 \ub2ec\ub77c\uace0(\ucc44\uad8c\uac00\uaca9\uc744 \uc2f8\uac8c \ud574 \ub2ec\ub77c\uace0) \ud558\uac8c \ub41c\ub2e4. \uc989, \uc2e0\uc6a9\ub4f1\uae09\uc774 \ub192\uc740 \ucc44\uad8c\uc740 \ube44\uc2f8\uac8c \uac70\ub798\ub418\uace0 \uc2e0\uc6a9\ub4f1\uae09\uc774 \ub0ae\uc740 \ucc44\uad8c\uc740 \uc2f8\uac8c \uac70\ub798\ub418\uba70, \ub9cc\uae30\uac00 \uae34 \ucc44\uad8c\uc740 \ubbf8\ub798\uc5d0 \uae08\ub9ac\uac00 \ubc14\ub014\uc9c0 \ubaa8\ub974\ubbc0\ub85c \uc5ed\uc2dc \uc0c1\ub300\uc801\uc73c\ub85c \ud560\uc778\uc728\uc774 \ub192\uc544 \uac19\uc740 \ubc1c\ud589\uc8fc\uccb4\uc758 \ucc44\uad8c\uc774\ub77c\ub3c4 \ub354 \uc2f8\uac8c \uac70\ub798\ub41c\ub2e4. (\uac00\ub054\uc740 \uae08\ub9ac\uac00 \uc5ed\uc804\ub418\uae30\ub3c4 \ud558\uc9c0\ub9cc \uc6d0\ub860\ub9cc \ubcf4\uae30\ub85c \ud558\uc790)
\n \uac1c\uc778\uc774 \ucc44\uad8c\uc5d0 \ud22c\uc790\ud560 \uc218 \uc788\ub294 \ubc29\ubc95\uc740 \uc99d\uad8c\uc0ac \ud648\ud398\uc774\uc9c0(\ub610\ub294 HTS)\uc5d0\uc11c \uc5ec\ub7ec \ucc44\uad8c\uc744 \uc0ac\uac70\ub098 \ud30c\ub294 \uac70\ub798 \uc2dc\uc2a4\ud15c\uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\ubc95\uc774 \uc788\uace0, \ucc44\uad8c\ud615 \ud380\ub4dc, \uc740\ud589 \ud2b9\ud310 \uc0c1\ud488 \ub4f1\uc744 \ud65c\uc6a9\ud558\ub294 \uacbd\uc6b0 \ub4f1\uc774 \uc788\ub2e4. \ud558\uc9c0\ub9cc \uc99d\uad8c\uc0ac\ub97c \ud1b5\ud574
\n\ucc44\uad8c\uc744 \ub9e4\ub9e4 \ud558\ub294 \uacbd\uc6b0 \ucd5c\uc18c \uac70\ub798 \ub2e8\uc704\uac00 \ub192\uc73c\uba70 \uc911\uac1c \uc218\uc218\ub8cc\uac00 \uc0c1\ub2f9\ud788 \ub192\uc740 \ud3b8\uc774\ub77c \uc5ec\ub7ec\ubaa8\ub85c \ubd88\ub9ac\ud558\ub2e4(\uc218\uc218\ub8cc\uac00 \ub192\uc740 \ud3b8\uc774\ub77c \uae08\ub9ac\ucc28\uc774, \uc2dc\uc138 \ucc28\uc774\ub97c \ubcfc \uc5ec\uc9c0\uac00 \uac70\uc758 \uc5c6\ub2e4. \uae08\ub9ac \ucc28\uc774\ub97c \uace0\uc2a4\ub780\ud788 \uc99d\uad8c\uc0ac\uc5d0 \ubc14\uce60 \uc218 \uc788\ub2e4).
\n \uc740\ud589 \ud2b9\ud310, \ud2b9\uae08\uc758 \uacbd\uc6b0 \uc544\uc8fc \uac00\ub054 \ud6c4\uc21c\uc704\ucc44 \ub610\ub294 \uc740\ud589\uc5d0\uc11c \uc18c\ud654\ud558\uc9c0 \ubabb\ud55c \ucc44\uad8c\ub4e4\uc744 \ud480\uae30\ub3c4 \ud558\ub294\ub370 \uc77c\ubc18\uc778\uc5d0\uac8c \ud310\ub2e4\ub294 \uac83\uc740 \uadf8\ub9cc\ud07c \uc704\ud5d8 \ubd80\ub2f4\uc774 \ucee4\uc9c4 \uc0c1\ud488\uc774\ub77c \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc774 \uc0b4 \uc218 \uc5c6\ub2e4\ub294 \ub73b\uc774\ub2e4. \ud558\uc9c0\ub9cc \ub9ac\uc2a4\ud06c\uac00
\n\ud06c\ub2e4\ub294 \uac83\uc774 \uaf2d \ubd80\ub3c4\uac00 \ub09c\ub2e4\ub294 \ub73b\uc740 \uc544\ub2c8\ubbc0\ub85c \uac00\ub054\uc740 \ud6a8\uc790\ub178\ub987\ud558\ub294 \uc0c1\ud488\uc774 \uc788\uae30\ub3c4 \ud558\ub2e4. \uba87 \ub144 \uc804 \ubaa8 \uc740\ud589 \ud6c4\uc21c\uc704 \ucc44\uac00 7~8%\ub300 \uadf8 \uc740\ud589 \ud2b9\ud310\uc0c1\ud488\uc73c\ub85c \ud480\ub9b0 \uacbd\uc6b0\uac00 \uc788\ub294\ub370 \uadf8 \ud6c4 \uadf8 \uc740\ud589\uc758 \uc704\uae30\uc124\uc774 \uc2dc\uc7a5\uc5d0 \ub3cc\uae30\ub3c4 \ud588\ub2e4.
\n \ucc44\uad8c\ud615 \ud380\ub4dc\uc5d0 \ud22c\uc790\ud558\ub294 \uacbd\uc6b0 \ud380\ub4dc \ub9e4\ub2c8\uc800\uac00 \ucc44\uad8c\uc744 \uc801\uadf9\uc801\uc73c\ub85c \uc0ac\uace0 \ud314\uc544 \uc2dc\uc138 \ucc28\uc774\ub97c \uc5bb\uac70\ub098 \ucc44\uad8c\uc5d0\uc11c \ub098\uc624\ub294 \uc774\uc790\ub97c \uc7ac\ud22c\uc790 \ud574 \uac00\uba74\uc11c \ucd94\uac00 \uc218\uc775\uc744 \uc5bb\ub294\ub370, \uae08\ub9ac \ud558\ub77d\uae30\uc5d0\ub294 \ucc44\uad8c\uc758 \uac00\uaca9\uc774 \uacc4\uc18d \uc624\ub974\ubbc0\ub85c \uc740\ud589 \uc608\uae08
\n\uae08\ub9ac\uac00 3% \ub300 \uc77c\ub54c \ucc44\uad8c\ud615 \ud380\ub4dc\uc758 \uc218\uc775\ub960\uc774 \uc5f0 5-6% \ub098\ub294 \uacbd\uc6b0\ub3c4 \ub9ce\ub2e4. \uadf8\ub7ec\ub098 \uae08\ub9ac\uac00 \ub300\uccb4\ub85c \ub0ae\uc740 \uacbd\uc6b0\uc5d0\ub294 \ucd94\uac00\uc801\uc778 \uc218\uc775\uc744 \uc5bb\uae30\ub3c4 \ud798\ub4e4\uac70\ub2c8\uc640 \uae08\ub9ac\uac00 \uc0c1\uc2b9\ud558\ub294 \uc2e0\ud638\uac00 \ub098\uc624\uba74 \ucc44\uad8c \uac00\uaca9\uc774 \ub354 \ub5a8\uc5b4\uc838 \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud560
\n\uc218\ub3c4 \uc788\ub2e4. \uc989, \uc544\ubb34\ub54c\ub098 \ud22c\uc790\ud558\ub294 \uc0c1\ud488\uc774 \uc544\ub2c8\uace0 \uc544\ubb34\ub098 \ud22c\uc790\ud560 \uc218 \uc788\ub294 \uc0c1\ud488\ub3c4 \uc544\ub2c8\ub77c \ud558\uaca0\ub2e4.(\ud558\ub824\uba74 \ud560 \uc218\ub294 \uc788\uc9c0\ub9cc \uc774\uc775\uc744 \ud06c\uac8c\ubcf4\uae30 \ud798\ub4e4\uac70\ub098 \uc815\uae30\uc608\uae08\ubcf4\ub2e4 \ub0ae\uc740 \uc774\uc775\uc744 \uae30\ub300\ud574\uc57c \ud55c\ub2e4)
\n \uc5ec\ub2f4\uc774\uc9c0\ub9cc \uc6b0\ub9ac\ub098\ub77c \uc911\uc18c\ud615 \uc99d\uad8c\uc0ac \ucc3d\uc5c5\uc8fc\ub4e4\uc740 \uc608\uc804\uc5d0 \ucc44\uad8c\ub4e4 \uae01\uc5b4\ubaa8\uc544 \ub9cc\uae30\uae4c\uc9c0 \ubcf4\uc720\ud574\uc11c \uc6d0\ub9ac\uae08 \ubc1b\uace0 \ub610 \uadf8 \ub3c8\uc73c\ub85c \ucc44\uad8c \uc0ac \uae01\uc5b4\ubaa8\uc73c\uace0 \ud574\uc11c \ubd80\uc790\uac00 \ub418\uc154\uc11c \uc81c\ub3c4\uad8c\uc73c\ub85c \ub4e4\uc5b4\uc624\uc2dc\uba74\uc11c \uc99d\uad8c\uc0ac \uc624\ub108\uac00 \ub418\uc2e0 \uacbd\uc6b0\uac00 \ub9ce\ub2e4. \ud558\uc9c0\ub9cc \uc774\uc81c\ub294 \uadf8\ub7f0 \uae30\ud68c\uac00 \uc27d\uac8c \uc624\uc9c0 \uc54a\uc73c\ub2c8 \uad00\uc2ec\uc740 \uac16\ub418 \ud22c\uc790\ub294 \ubd80\uc815\uc801\uc774\ub2e4. \ud2b9\ud788 \uae08\ub9ac\uac00 \uc9c0\uc18d\uc801\uc73c\ub85c \uc624\ub97c \ub54c\ub294 \uc190\ud574\ubcfc \uc218\ub3c4 \uc788\ub2e4.<\/p>\n
3. \ud380\ub4dc<\/p>\n
\ud380\ub4dc\ub294 \uc8fc\uc2dd, \ucc44\uad8c \ub610\ub294 \ub2e4\uc591\ud55c \uc720\uac00 \uc99d\uad8c\uc5d0 \ud22c\uc790\ud558\uc5ec \uadf8 \uc218\uc775\uae08\uc744 \ub3cc\ub824\uc8fc\ub294 \uc0c1\ud488\uc774\ub2e4. \uc694\uc998\uc740 \uc8fc\uc2dd \ud22c\uc790\ub3c4 \uc804\ud1b5\uc801\uc778 \uc885\ubaa9 \ud22c\uc790\uc5d0\uc11c \ubd80\ud130 \uc778\ub371\uc2a4 \ud22c\uc790, \uc120\ubb3c\uc635\uc158 \uac19\uc740 \ud30c\uc0dd\uc0c1\ud488 \ud22c\uc790, \ud2b9\uc815 \uadf8\ub8f9\uc8fc\uc2dd \ud22c\uc790, \ud2b9\uc815 \uc0b0\uc5c5\uad70 \ud22c\uc790, \ud574\uc678\ud22c\uc790, \ub2e4\uc591\ud55c \ud22c\uc790 \uc804\ub7b5\uc744 \uc4f0\ub294 \ud5f7\uc9c0\ud380\ub4dc \ub4f1 \uadf8 \uc885\ub958\uac00 \uc0c1\ub2f9\ud788 \ub2e4\uc591\ud574 \uc84c\ub2e4. \ub610\ud55c \ucc44\uad8c\uc774\ub098 \ubd80\ub3d9\uc0b0 \uac19\uc740 \uc8fc\uc2dd \uc774\uc678\uc758 \uc790\uc0b0\uc774\ub098 \uc0c1\ud488\uc5d0 \ud22c\uc790\ud558\ub294 \uacbd\uc6b0\ub3c4 \ub9ce\uc73c\uba70, \uc804\ud1b5\uc801\uc778 \ud22c\uc790 \ubc29\ubc95\uc774 \uc544\ub2cc \ub3c8\uc774 \ub418\ub294 \uad6c\uc11d\uc744 \uc801\uadf9\uc801\uc73c\ub85c \ucc3e\uc544 \ud22c\uc790\ud574\uc8fc\ub294 \ud380\ub4dc\ub4e4\uc774 \ub9ce\uc774 \uc0dd\uacbc\ub2e4.
\n \uc0bc\uc131\uc804\uc790\uac00 \uc798 \ub098\uac08\ub54c\ub294 \uc0bc\uc131 \uadf8\ub8f9\uc8fc\uc5d0 \ud22c\uc790\ud558\ub294 \ud380\ub4dc\uac00 KOSPI\ubcf4\ub2e4 \uc218\uc775\ub960\uc774 \ub354 \uc88b\uac70\ub098, \ucf54\uc2a4\ub2e5 \uc2dc\uc7a5\uc774 \ub730 \ub54c\ub294 \uc911\uc18c\ud615\ud380\ub4dc\uac00 \ud6e8\uc52c \uc218\uc775\ub960\uc774 \ub354 \uc88b\uace0 \uc548\uc815\uc801\uc774\ub77c\ub4e0\uc9c0 \ud558\ub294 \uc2dd\uc73c\ub85c \uc2dc\uc7a5\uc758 \uc0c1\ud669\uc5d0 \ub9de\ucdb0 \ub2e4\uc591\ud55c \ud22c\uc790 \uc804\ub7b5\uc744 \uad6c\uc0ac\ud560 \uc218 \uc788\uc73c\uba70, \uc798\ubabb \uc120\ud0dd\ud560 \ud655\ub960\ub3c4 \ub0ae\ub2e4.<\/p>\n
\uac1c\uc778\uc774 \uc8fc\uc2dd\uc774\ub098 \ucc44\uad8c\ud22c\uc790 \ub4f1\uc744 \ud560 \ub54c \uc804\ubb38\uc9c0\uc2dd\uc774\ub098, \ud22c\uc790\ubc29\ubc95 \ub4f1\uc744 \ubaa8\ub974\uac70\ub098 \ud22c\uc790\ud558\ub824\uace0 \ud574\ub3c4 \ub3c8\uc774 \ubd80\uc871\ud574\uc11c \ubabb\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc740\ub370, \ud380\ub4dc\uac00 \uc774\ub97c \ud574\uacb0\ud574 \uc900\ub2e4. \ud380\ub4dc\ub294 \uae30\ubcf8\uc801\uc73c\ub85c 10,000\uc6d0\uc758 \ub2e8\uc704\ub85c \uc544\ubb34 \uae08\uc561\uc73c\ub85c\ub098 \ud22c\uc790\ud560 \uc218 \uc788\uc73c\uba70 \uc5ec\ub7ec\uac00\uc9c0 \uc138\uc7ac \ud61c\ud0dd\uc774 \uc788\uae30\ub3c4 \ud558\ub2e4. \uc0bc\uc131\uc804\uc790 \uc8fc\uc2dd\uc744 \uc0ac\uace0 \uc2f6\uc740\ub370 \uc8fc\ub2f9 150\ub9cc\uc6d0\uc774 \ub118\uc5b4\uac00\uba74 \ud55c\uc8fc\ub3c4 \ubabb \uc0b4 \uc218\ub3c4 \uc788\ub2e4. \ud558\uc9c0\ub9cc \uc0bc\uc131\uc804\uc790\uc5d0 \ub9ce\uc774 \ud22c\uc790\ud558\ub294 \ud380\ub4dc\uc5d0\ub294 \ub3c8\uc744 10\ub9cc\uc6d0\ub3c4 \ud22c\uc790\ud560 \uc218 \uc788\uace0 100\ub9cc\uc6d0\uc744 \ud22c\uc790\ud560 \uc218\ub3c4 \uc788\uc73c\ub2c8(\uadf8\ub798\uc11c \uac04\uc811\ud22c\uc790\ub77c\uace0 \ud55c\ub2e4) \ud6e8\uc52c \uc120\ud0dd\uc758 \ud3ed\uc774 \ub113\ub2e4.<\/p>\n
\uac00\ub054 \ud380\ub4dc\uc758 \ubcf4\uc218\ub098 \uc218\uc218\ub8cc \ub54c\ubb38\uc5d0 \ud380\ub4dc \ud22c\uc790\ub97c \uaebc\ub9ac\ub294 \uc0ac\ub78c\uc774 \uc788\ub294\ub370 \ud380\ub4dc\uc758 \uc218\uc775\ub960\ub3c4 \ub9c8\uc774\ub108\uc2a4 \uc774\uba74\uc11c \ubcf4\uc218\ub97c \ub5bc \uac00\ub294 \uac83 \ub54c\ubb38\uc5d0 \uad11\ubd84\ud558\uac8c \ub418\ub294 \uacbd\uc6b0\uac00 \uc788\ub2e4. \ubb3c\ub860, \ub0b4 \ub3c8\uc744 \uae4c\uba39\ub294 \ud380\ub4dc\ub9e4\ub2c8\uc800\ub098 \uc740\ud589 \ucc3d\uad6c \uc5ec\uc9c1\uc6d0 \uc6d4\uae09\uc744 \ub0b4 \ub3c8\uc5d0\uc11c \ub5bc \uac00\ub294 \uac83\uc740 \ud654\ub0a0\ub9cc\ud55c \uc77c\uc774\ub2e4. \uadf8\ub807\uc9c0\ub9cc \ubc95\uc6d0\uc5d0\uc11c \uc7ac\ud310\uc744 \ubc1b\uc744 \ub54c\ub294 \ubcc0\ud638\uc0ac\uac00 \uc788\uc5b4\uc57c \ud558\ub4ef\uc774, \ud22c\uc790\ub97c \ud560 \ub54c\ub294 \ud22c\uc790 \uc804\ubb38\uac00\uc5d0\uac8c \ubd80\ud0c1\ud558\ub294 \uac83\uc774 \ub2f9\uc5f0\ud558\ub2e4\uace0 \uc0dd\uac01\ud55c\ub2e4. \ub098\ubcf4\ub2e4 \ub354 \uc8fc\uc2dd\uc5d0 \ub300\ud574 \uace0\ubbfc\ud558\uace0 \uacbd\uc7c1\uc744 \ud574 \uac00\uba74\uc11c \ud22c\uc790\ub97c \ud558\ub294 \uc0ac\ub78c\uc774 \uc544\ubb34\ub798\ub3c4 \ub098\ubcf4\ub2e4 \ud22c\uc790\ub97c \ub354 \uc798 \ud560 \uac83\uc774\ubbc0\ub85c \ub0b4\uac00 \ube44 \uc804\ubb38\uac00\uc758 \uc785\uc7a5\uc5d0\uc11c \uace0\ubbfc\ud558\uace0 \uc2e0\uacbd \uc4f0\ub294 \uc2dc\uac04\uc744 \uc57d\uac04\uc758 \ubcf4\uc218\ub97c \uc8fc\uace0 \ub2e4\ub978 \uc804\ubb38\uac00\uc5d0\uac8c \ub5a0 \ub118\uae30\ub294 \uac83\uc774\ub77c\uace0 \uc0dd\uac01\ud558\uba74 \ub2f9\uc5f0\ud788 \ubcf4\uc218\ub97c \uc9c0\uae09\ud558\uace0 \ud22c\uc790\ub97c \ubd80\ud0c1\ud558\ub294 \uac83\uc774 \uc815\ub2f5\uc774\ub2e4. \ubb3c\ub860 \ubcf4\uc218\ub3c4 \ud380\ub4dc\ub9c8\ub2e4 \ub2e4\ub974\ubbc0\ub85c \uaf3c\uaf3c\ud788 \uc0b4\ud3b4\ubcf4\uace0 \ud380\ub4dc\ub97c \uc120\ud0dd\ud574\uc57c \ud558\uaca0\uc9c0\ub9cc, \ud22c\uc790 \uc218\uc775\uc774 \ub9ce\uc774 \ub0a0 \ud380\ub4dc\ub97c \uc798 \uc120\ud0dd\ub9cc \ud55c\ub2e4\uba74 \ubcf4\uc218\ub294 1%\ub97c \uc918\ub3c4 \ubcc4\ub85c \uc544\uae5d\uc9c0 \uc54a\uc744 \uac83\uc774\ub2e4. (100\ub9cc\uc6d0 \ud22c\uc790\ud574\uc11c \ud55c\ub2ec\ub9cc\uc5d0 \ud22c\uc790 \uc218\uc775\uc774 10%\uc778 10\ub9cc\uc6d0\uc774 \uc0dd\uacbc\ub2e4\uba74 \ubcf4\uc218\ub85c 1\ub144\uc5d0 1\ub9cc\uc6d0, \ud55c\ub2ec\uc774\uba74 \ucc9c\uc6d0 \uc815\ub3c4\ub294 \uc918\uc57c\ud558\uc9c0 \uc54a\uc744\uae4c? )
\n \ub2e8, \ud310\ub9e4 \uc218\uc218\ub8cc\ub294 \uc815\ub9d0 \uc544\uae5d\ub2e4\ub294 \uc0dd\uac01\uc774 \ub4dc\ub2c8 \uc798 \uc0b4\ud3b4 \ubcf4\uc544\uc57c \ud560 \uac83\uc774\ub2e4. \ud2b9\ud788, \uc120\ucde8 \uc218\uc218\ub8cc\ub294 \uc740\ud589, \uc99d\uad8c\uc0ac \ubc30 \ubd88\ub824\uc8fc\ub294 \uac83 \uc678\uc5d0 \uc544\ubb34 \uc5ed\ud560\ub3c4 \ud558\uc9c0 \uc54a\uc73c\ub2c8 \uac00\uae09\uc801 \uc120\ucde8\uc218\uc218\ub8cc\uac00 \uc5c6\ub294 \ud380\ub4dc\ub97c \uc120\ud0dd\ud574\uc57c \ud55c\ub2e4. <\/p>\n
\ud380\ub4dc\uc758 \ud22c\uc790 \ubc29\ubc95 \uc911 \uc801\ub9bd\uc2dd \ud380\ub4dc\ub97c \ud06c\uac8c \uac15\uc870\ud558\ub294 \uacbd\uc6b0\uac00 \uc788\ub294\ub370 \uc801\ub9bd\uc2dd \ud380\ub4dc\ub3c4 \uc77c\uc7a5 \uc77c\ub2e8\uc774 \uc788\ub2e4. \ud558\ub77d\uc7a5\uc5d0\uc11c\ub294 \uc190\uc2e4 \ubc29\uc5b4\uac00 \ub418\uace0 \ud3c9\uade0 \ub2e8\uac00\ub97c \ub0ae\ucdb0\uc918\uc11c \uc218\uc775\ub960\uc774 \ud06c\uac8c \ub0ae\uc544\uc9c0\uc9c0 \uc54a\uc9c0\ub9cc \ub300\uc2e0 \uc0c1\uc2b9\uc7a5\uc5d0\uc11c\ub3c4 \ud3c9\uade0\ub2e8\uac00\uac00 \uc790\uafb8 \ub192\uc544\uc838 \uc218\uc775\ub960\uc774 \ub0ae\uc544\ubcf4\uc778\ub2e4. \ud380\ub4dc\uac00 \uc5b8\uc81c \uc624\ub97c\uc9c0 \ub0b4\ub9b4\uc9c0 \ubaa8\ub974\ubbc0\ub85c \uafb8\uc900\ud788 \ud22c\uc790\ud558\ub3c4\ub85d \uc720\uc778\ud558\ub294 \uc5ed\ud560\uc744 \ud558\ub294 \uac83\uc778\ub370, \uc694\uc998\uc740 \ud380\ub4dc\uac00 \uc6cc\ub099 \ub2e4\uc591\ud574\uc11c \ud380\ub4dc\ub97c \uc798 \uc120\ud0dd\ud55c\ub2e4\uba74 \uc0c1\uc2b9\uc7a5\uc774\ub098 \ud558\ub77d\uc7a5\uacfc \uc0c1\uad00\uc5c6\uc774 \ud22c\uc790 \uc2dc\uae30\ub97c \uc120\ud0dd\ud560 \uc218 \uc788\ub2e4. <\/p>\n
\ud380\ub4dc\uc758 \ud22c\uc790 \ubc29\ubc95\uc5d0 \ub300\ud574\uc11c\ub3c4 \uad6c\uae00\ub9c1\uc744 \ucc38\uace0\ud558\ub3c4\ub85d \ud558\uc790.<\/p>\n
\uc774\ub7ec\ud55c \uc8fc\uc2dd, \ucc44\uad8c \ub4f1\uc758 \ud22c\uc790 \uc790\uc0b0\uacfc \ud380\ub4dc\uc640 \uac19\uc740 \ud22c\uc790 \uc0c1\ud488\uc5d0 \ud22c\uc790\ub97c \ud560 \ub54c \ud56d\uc0c1 \uc5fc\ub450\uc5d0 \ub46c\uc57c \ud560 \uac83\uc740 \ub9ac\uc2a4\ud06c\uad00\ub9ac\uc774\ub2e4. \ud22c\uc790\ub294 \ub3d9\uc804\uc758 \uc591\uba74\uacfc \uac19\uc544 \ub3c8\uc744 \ubc8c \uc218\ub3c4 \uc788\uace0 \uc783\uc744 \uc218\ub3c4 \uc788\ub294\ub370 \uc783\uc744 \uc218 \uc788\ub294 \ud655\ub960, \uc989 \ub9ac\uc2a4\ud06c\ub97c \uc5bc\ub9c8\ub098 \uc798 \uad00\ub9ac\ud558\ub294 \uac83\uc778\uac00 \ud558\ub294 \uac83\uc774 \ubaa8\ub4e0 \ud22c\uc790\uc758 \uae30\ucd08\ub2e4. \uadf8\ub798\uc11c, \uc790\uc0b0 \ubc30\ubd84\uc744 \ud558\uace0 \uc778\ub371\uc2a4\uc5d0 \ud22c\uc790\ud574\uc11c \ubcc0\ub3d9\uc131\uc744 \uc904\uc774\uace0 \uc548\uc815\uc801\uc778 \uc2dc\uc7a5 \uc218\uc775\ub960\uc744 \ucd94\uad6c\ud558\ub294 \uc804\ud1b5\uc801\uc778 \ud22c\uc790 \ubc29\ubc95\uc744 \ub298 \uac15\uc870\ud558\ub294 \uac83\uc774\ub2e4.<\/p>\n
\uadf8\ub7f0\ub370 \ub208\uc744 \ub3cc\ub824 \uac1c\uc778\uc758 \ud22c\uc790 \ud604\uc2e4\uc744 \uc0dd\uac01\ud574 \ubcf4\uba74 \uc790\uc0b0\ubc30\ubd84\uc744 \ud1b5\ud574 \ucc44\uad8c\uacfc \uc8fc\uc2dd \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud558\uace0 10\ub144 \ub610\ub294 20\ub144 \uc815\ub3c4 \uc624\ub798 \ud22c\uc790\ud560 \uc2dc\uac04\uacfc \uc5ec\ub825\uc774 \uc5c6\ub2e4. \uadf8\ub798\uc11c \uc9e7\uc740 \uc2dc\uac04\uc5d0 \uc218\uc775\ub960\uc744 \ub192\uc774\uae30 \uc704\ud55c \uc704\ud5d8\ud55c \ub3c4\ubc15\uc778 \uac1c\ubcc4 \uc885\ubaa9 \ud22c\uc790\uc5d0 \uc790\uafb8 \uad00\uc2ec\uc744 \uac00\uc9c0\uac8c \ub41c\ub2e4. \ud558\uc9c0\ub9cc \uac15\uc870\ud558\uace0 \uc2f6\uc740 \uac83\uc740 \uc804\ubb38\uac00\uac00 \uc544\ub2c8\uba74 \uc808\ub300 \uac1c\ubcc4 \uc885\ubaa9\uc5d0\ub294 \ud22c\uc790\ud558\uc9c0 \ub9d0\ub77c\ub294 \uc810\uc774\ub2e4. \uc790\uc0b0 \uc6b4\uc6a9 \uc804\ubb38\uac00\uac00 \uc544\ub2c8\ub77c\uba74 \ud380\ub4dc, ETF \ub4f1\uc744 \ud1b5\ud55c \uac04\uc811 \ud22c\uc790\uac00 \uac00\uc7a5 \ud604\uba85\ud55c \ud22c\uc790 \ubc29\ubc95\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\uc8fc\uc2dd\uc774\ub098 \ucc44\uad8c, \ud380\ub4dc, ELS \uac19\uc740 \uc0c1\ud488\uc740 \uad6c\uae00\ub9c1\uc774\ub098 \ub124\uc774\ubc84\uc9c0\uc2dd\uac80\uc0c9\ub9cc\uc73c\ub85c\ub3c4 \uc900 \uc804\ubb38\uac00 \uc218\uc900\uc758 \uc9c0\uc2dd\uc744 \uc5bb\uc744 \uc218 \uc788\uc73c\ubbc0\ub85c \uad73\uc774 \uc790\uc138\ud788 \uc124\uba85\ud560 \ud544\uc694\ub294 \uc5c6\uc73c\ub9ac\ub77c\uace0 \uc0dd\uac01\ub41c\ub2e4. \ub2e4\ub9cc, \ud754\ud788 \ub9d0\ud558\ub294 \uc704\ud5d8\uc0c1\ud488 \ub610\ub294 \ud30c\uc0dd\uc0c1\ud488, \uac04\uc811\ud22c\uc790 \uc0c1\ud488\ub4e4\uc758 \ud2b9\uc9d5\uacfc \uc5b4\ub5bb\uac8c \uc7ac\ud14c\ud06c\uc5d0 \ud22c\uc790\ud574\uc57c \ud558\ub294 \uac00 \ud558\ub294 \uc810\uc744 \ud6d1\uc5b4\ubcf4\uace0\uc790 \ud55c\ub2e4. 1. \uc8fc\uc2dd \uc8fc\uc2dd\ud22c\uc790\ub294 \uac70\ub798\uc18c\uc5d0 \uc0c1\uc7a5\ub41c \uc77c\uc815\ud55c \uae30\uc900\uc774 \ub418\ub294 \uae30\uc5c5(\uc0c1\uc7a5\uae30\uc5c5 \ub610\ub294 KOSDAQ \ub4f1\ub85d \uae30\uc5c5 \uae30\uc900)\uc758 \uc8fc\uad8c\uc5d0 \ud22c\uc790\ud574\uc11c […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-482","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=482"}],"version-history":[{"count":4,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/482\/revisions"}],"predecessor-version":[{"id":489,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/482\/revisions\/489"}],"wp:attachment":[{"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fsquare.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}