This week (the 2-6), both major domestic indices plunged over 11%, and only 3% of participants in the "3rd ETF Investment King Tournament" hosted by Money Today recorded positive returns. Participants who achieved meaningful returns amid the downturn mainly traded countries and sectors expected to benefit from or be hit by the U.S. midterm election results.
The participant with the highest return in the ETF Investment King Tournament over the week was "joker" in the autonomous division. The weekly return was 51.65%, achieved by selling all holdings of "SOL SK hynix Single Stock Inverse 2X," resulting in a realized profit/loss rate of 26.77%.
Recently, AI technology stocks have been volatile due to massive funding announcements for corporate AI infrastructure investments and the emergence of a "Blue Wave" (Democratic Party landslide victory in both the U.S. House and Senate) in the midterm election results. This is because concerns grew that chip deliveries to semiconductor companies' data centers would be delayed, as the Democratic Party had stated before the election that it would regulate AI data center construction. Meanwhile, the secondary battery industry gained attention on expectations that eco-friendly policies would be implemented.
Among pension-type investors during the same period, "Zero" took first place with a 1.57% return. It recorded cumulative valuation profit/loss rates of 6.97% and 7.09%, respectively, in "TIGER India Nifty 50" and "KODEX India Nifty 50," which were purchased early in the tournament. The Indian market had underperformed other Asian emerging markets due to a lower weighting of AI technology stocks such as semiconductors, but this has conversely become an advantage in recent market conditions. According to Investing.com, the Nifty 50 index stood at 24,536.60 as of the previous day, marking its highest level since mid-August.
In the domestic equity division, "Forever Eagles" recorded the highest return at 4.12%. It sold existing holdings of "KODEX Secondary Battery Industry" and "SOL All-Solid-State Battery & Silicon Anode Material" during the week, achieving realized profit/loss rates of 5.60% and 4.94%, respectively. In the global division, "Bukayo Saka" rose to first place with a 4.92% return. It generated profits through "1Q U.S. Dividend TOP 30," which has a relatively low weighting of AI technology stocks, and "KODEX India Nifty Mid-Cap 100," an Indian index fund.
In cumulative tournament records, "inseed" is leading with a 246.60% return, maintaining first place following last week. In the domestic equity and pension divisions, "Sea An 85" (5.74%) and "Cho ETF Jja" (4.13%) are also holding onto their first-place positions. The top performer in the global income division is "YH" (3.62%).
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