Hanyang Securities: "High-Value Accounts Over 1 Billion Won Achieve 80.5% Average Return"

Analysis of Accounts with Over 10 Million Won in Entrusted Assets
"Lower Turnover and Higher Returns with Larger Asset Sizes"

Hanyang Securities announced on December 1 that, based on an analysis of active accounts with entrusted assets of at least 10 million won through October this year, accounts with larger asset sizes showed lower turnover rates and recorded higher returns compared to the market average.

According to the analysis, the average return for high-value accounts with over 1 billion won in entrusted assets was 80.5%. This significantly exceeds the combined average increase of the KOSPI and KOSDAQ indices during the same period, which was 51.5%. Accounts with over 100 million won also posted a high average return of 70.9%. The following figures were recorded: ▲ 50 million to 100 million won, 55.4% ▲ 10 million to 50 million won, 51.7%. Overall, the average return for accounts with at least 10 million won was 57.3%.

By asset range, accounts with larger assets achieved higher returns. This is interpreted as a result of upper-tier asset accounts commonly adopting a strategy of stable positioning focused on large-cap stocks and maintaining low turnover rates. Hanyang Securities assessed, "This strategy helped minimize losses during market corrections and contributed to defending cumulative returns."

Differentiation was also observed in portfolio composition. Most top-tier accounts held a 'concentrated portfolio' comprised of around five stocks. Rather than broad diversification, it is analyzed that these accounts maximized gains in bullish markets by focusing on large-cap and leading stocks.

The direction of concentrated investments was also clear. Major top-tier accounts had proactively established positions in large-cap stocks from key sectors-such as semiconductors, defense, and shipbuilding-that led the market in 2025. Representative holdings included Samsung Electronics, SK Hynix, Doosan Enerbility, Hanwha Ocean, and HD Hyundai Heavy Industries.

Given that semiconductors, defense, and shipbuilding sectors led the market in 2025, it is interpreted that these top-tier accounts invested in key sectors before the rebound fully materialized, enduring volatility and securing performance. Ultimately, the strategy of selection, concentration, and patience proved successful.

A Hanyang Securities official stated, "The higher the asset value of the account, the more likely it is to focus on a minimal number of core stocks from leading sectors in the market," adding, "Rather than individual stocks, a portfolio strategy centered on large-cap and leading stocks enabled the achievement of higher returns."

This content was produced with the assistance of AI translation services.