00:00if you hold etfs or stocks today's news affects what you're sitting on three stories matter most this saturday a
00:07cash parking etf is breaking records equity linked bond issuance has frozen and the one dollar rate just bounced after
00:14five sessions of decline it's saturday november fourteenth
00:18let's look at what this means for retail investors in korea let's start with the currency the one dollar rate
00:24closed friday at 1336.7 up 61 from the previous session that's the first gain in five trading days oil
00:33prices jumped and the dollar index hit its highest level since april last year both pushing the rate higher exporters
00:41kept selling dollars which limited the rise here's what the numbers show now the cash parking etf codex money
00:48market active from samsung asset management reached twelve point five seven trillion one in net assets that makes it the
00:55largest parking type etf in korea and the third largest across all domestic etfs retail investors bought forty six point
01:03eight billion one of it on wednesday alone the top retail net purchase of any listed etf that day its
01:10three month return is zero point eight nine percent and its one year return is three point three three percent
01:16the total fee is about
01:18zero point zero point zero five percent a year the fund invests in short-term bonds and commercial paper interest
01:24accrues daily into the reference price so it works as a holding place for cash waiting to be invested now
01:30the equity link bond market companies are struggling to issue exchangeable bonds because investors don't want to take on share
01:37price risk hd hyundai set an exchange price about thirty percent above the reference price for its five hundred eighty
01:43eight point seven billion one issue after the announcement the underlying
01:47stock fell to one hundred seventy one thousand one well below the two hundred forty seven thousand one exchange price
01:55issuance in the first ten months of this year totaled just one point zero nine trillion one compared with four
02:01point seven seven trillion one for all of last year
02:04so what does this mean for retail investors holding these products cash parking etfs can make sense for money you
02:11need to keep safe and accessible but they are not bank deposits principle is not guaranteed and returns move with
02:18market interest rates if you hold individual stocks linked to exchangeable bonds expect more volatility while the market stays unsettled
02:26earlier we said that the cash parking etf had grown fastest among retail favorites
02:31here's what that actually means here's what that actually means for you it signals that many investors are choosing to
02:36wait on the sidelines rather than add risk right now that's today's ai prism retail investors this episode was produced
02:44with ai assistance based on sole economic daily reporting ai prism is a juan ifra award-winning series we'll be
02:51back tomorrow
02:52is a juan experience for control
02:54is a juan experience for control
02:54the control
