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Institutional investors bet on stock market decline
Institutional investors bet on stock market decline
MarketsFeb 28, 2021
Amid lingering market uncertainties alongside rising US Treasury yields, local institutional investors seem to have started betting against the equity market, investing in inverse exchange traded funds. Inverse ETFs are designed to make money when target stocks or underlying indexes decline in value. According to data compiled by the nation’s sole securities exchange operator Korea Exchange, investment companies, including stock brokers, bought some 200 billion-won ($177.6 million) wor