Korea Exchange Announces 'KRX BBIG K-New Deal Risk Control 12% Index'
[Asia Economy Reporter Oh Ju-yeon] The 'KRX BBIG K-New Deal Risk Control 12% Index,' a strategic index utilizing the K-New Deal index, will be announced starting from the 18th.
According to the Korea Exchange, the KRX BBIG K-New Deal index consists of only 12 stocks, resulting in relatively high volatility. The KRX BBIG K-New Deal Risk Control 12% Index features a 'target volatility investment strategy' that pre-sets the level of risk exposure. Considering the volatility of the KRX BBIG K-New Deal index (around 20% on average), a target volatility of 12%, suitable for productization of the index, was set.
The KRX BBIG K-New Deal Risk Control 12% Index is designed to reduce equity investment weight and increase bond investment weight to avoid risk when the volatility of the underlying stock index is high, and conversely, to increase equity investment weight to pursue returns when volatility is low.
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The exchange stated, "Through the development of strategic indices utilizing the KRX BBIG K-New Deal index, we expect to provide investors with opportunities to choose various investment strategies and flexibly respond to changes in market conditions."
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