<\/p>\n\n\n\n
\uae00\ub85c\ubc8c \uae08\uc735 \uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uc774 \ud655\ub300\ub418\ub294 \uc2dc\uae30\uc5d0 \uac1c\uc778 \ud22c\uc790\uc790\uac00 \uac00\uc7a5 \uba3c\uc800 \uace0\ub824\ud574\uc57c \ud560 \uc694\uc18c\ub294 \uc790\uc0b0\uc758 \uc548\uc804\uc131\uc785\ub2c8\ub2e4. \ud2b9\ud788 \ub300\ud55c\ubbfc\uad6d\ucc98\ub7fc \uc18c\uaddc\ubaa8 \uac1c\ubc29 \uacbd\uc81c \uccb4\uc81c\ub97c \uac00\uc9c4 \uad6d\uac00\uc758 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc6d0\ud654 \uc790\uc0b0\ub9cc\uc744 \ubcf4\uc720\ud558\ub294 \uac83\uc740 \uc7a0\uc7ac\uc801\uc778 \ub9ac\uc2a4\ud06c\ub97c \ub0b4\ud3ec\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uad6d\uc81c \uc7ac\ud14c\ud06c\uc758 \ud575\uc2ec\uc740 \uc218\uc775\ub960 \uadf9\ub300\ud654\ubfd0\ub9cc \uc544\ub2c8\ub77c, \uc608\uc0c1\uce58 \ubabb\ud55c \uacbd\uc81c \uc704\uae30 \uc0c1\ud669\uc5d0\uc11c \ub0b4 \uc790\uc0b0\uc758 \uac00\uce58\ub97c \uc5b4\ub5bb\uac8c \ubcf4\uc874\ud558\ub290\ub0d0\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \uc624\ub298\uc740 \ub2ec\ub7ec \uc790\uc0b0\uc774 \uad6d\ub0b4 \uacbd\uc81c \uc704\uae30 \uc2dc \uc5b4\ub5a0\ud55c \ub9e4\ucee4\ub2c8\uc998\uc73c\ub85c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \ubc29\uc5b4\ud558\uba70, \uc65c \ud544\uc218\uc801\uc778 \uc548\uc804\uc7a5\uce58\ub85c \uae30\ub2a5\ud558\ub294\uc9c0 \uc0c1\uc138\ud788 \uc0b4\ud3b4\ubcf4\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
\ub2ec\ub7ec\ub294 \uc804 \uc138\uacc4 \uac70\ub798\uc758 \uc911\uc2ec\uc774 \ub418\ub294 \uae30\ucd95\ud1b5\ud654\uc785\ub2c8\ub2e4. \uad6d\uc81c \ubb34\uc5ed \uacb0\uc81c\ub294 \ubb3c\ub860, \uc6d0\uc720\ub098 \uae08\uacfc \uac19\uc740 \uc6d0\uc790\uc7ac\uc758 \uac00\uaca9\ub3c4 \ub2ec\ub7ec\ub85c \ucc45\uc815\ub429\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc9c0\uc704 \ub355\ubd84\uc5d0 \ub2ec\ub7ec\ub294 \uae00\ub85c\ubc8c \uacbd\uc81c\uc5d0 \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c8 \ub54c\ub9c8\ub2e4 \uc804 \uc138\uacc4 \ud22c\uc790\uc790\ub4e4\uc774 \uac00\uc7a5 \uba3c\uc800 \ucc3e\ub294 ‘\ucd5c\ud6c4\uc758 \ubcf4\uae08\uc790\ub9ac’ \uc5ed\ud560\uc744 \uc218\ud589\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n
\uacbd\uc81c \uc704\uae30\uac00 \ub2e5\uce58\uba74 \ud22c\uc790\uc790\ub4e4\uc740 \uc704\ud5d8 \uc790\uc0b0\uc778 \uc8fc\uc2dd\uc774\ub098 \uc2e0\ud765\uad6d \ud654\ud3d0\ub97c \ub9e4\ub3c4\ud558\uace0 \uc548\uc804 \uc790\uc0b0\uc778 \ub2ec\ub7ec\ub97c \ud655\ubcf4\ud558\ub824\ub294 \uacbd\ud5a5\uc744 \ubcf4\uc785\ub2c8\ub2e4. \uc774\ub97c ‘\uc548\uc804 \uc790\uc0b0 \uc120\ud638 \ud604\uc0c1(Risk-off)’\uc774\ub77c\uace0 \ud569\ub2c8\ub2e4. \uad6d\ub0b4 \uc99d\uc2dc\uac00 \ud3ed\ub77d\ud558\uac70\ub098 \ud55c\uad6d \uacbd\uc81c\uc758 \uae30\ucd08 \uccb4\ub825\uc5d0 \uc758\uad6c\uc2ec\uc774 \uc0dd\uae38 \ub54c \uc6d0\ud654 \uac00\uce58\ub294 \ud558\ub77d(\ud658\uc728 \uc0c1\uc2b9)\ud558\uac8c \ub429\ub2c8\ub2e4. \uc774\ub54c \ub2ec\ub7ec \uc790\uc0b0\uc744 \ubcf4\uc720\ud558\uace0 \uc788\ub2e4\uba74 \uc6d0\ud654 \uae30\uc900 \uc790\uc0b0 \uac00\uce58\ub294 \uc624\ud788\ub824 \uc0c1\uc2b9\ud558\uac8c \ub418\uc5b4, \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uc190\uc2e4\uc744 \ud658\ucc28\uc775\uc73c\ub85c \uc0c1\uc1c4\ud558\ub294 \ud6a8\uacfc\ub97c \uc5bb\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
\uc7ac\ud14c\ud06c\uc5d0\uc11c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubc29\uc5b4\uc758 \ud575\uc2ec\uc740 ‘\uc0c1\uad00\uad00\uacc4’\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \uc11c\ub85c \ubc18\ub300\ub85c \uc6c0\uc9c1\uc774\ub294 \uc790\uc0b0\uc744 \ud568\uaed8 \ubcf4\uc720\ud568\uc73c\ub85c\uc368 \uc804\uccb4 \uc790\uc0b0\uc758 \ubcc0\ub3d9\uc131\uc744 \uc904\uc774\ub294 \uc804\ub7b5\uc785\ub2c8\ub2e4. \ud55c\uad6d\uc758 \ucf54\uc2a4\ud53c(KOSPI) \uc9c0\uc218\uc640 \uc6d0\/\ub2ec\ub7ec \ud658\uc728\uc740 \uc5ed\uc0ac\uc801\uc73c\ub85c \uac15\ud55c \uc5ed\uc0c1\uad00 \uad00\uacc4\ub97c \ubcf4\uc5ec\uc654\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n
\uacfc\uac70 1997\ub144 \uc678\ud658\uc704\uae30\ub098 2008\ub144 \uae08\uc735\uc704\uae30 \uc0ac\ub840\ub97c \ubcf5\uae30\ud574 \ubcf4\uba74, \uad6d\ub0b4 \uc8fc\uc2dd \uc2dc\uc7a5\uc774 \uae09\ub77d\ud560 \ub54c \uc6d0\/\ub2ec\ub7ec \ud658\uc728\uc740 \uae09\ub4f1\ud558\ub294 \uc591\uc0c1\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \ub9cc\uc57d \ud22c\uc790\uc790\uac00 \uc790\uc0b0\uc758 100%\ub97c \uc6d0\ud654 \uae30\ubc18\uc758 \uc8fc\uc2dd\uc774\ub098 \ubd80\ub3d9\uc0b0\uc5d0\ub9cc \uc9d1\uc911\ud588\ub2e4\uba74 \uc790\uc0b0 \uac00\uce58\uc758 \ud3ed\ub77d\uc744 \uace0\uc2a4\ub780\ud788 \ub9de\uc774\ud588\uc744 \uac83\uc785\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc790\uc0b0\uc758 \uc77c\uc815 \ubd80\ubd84\uc744 \ub2ec\ub7ec \uc608\uae08, \ub2ec\ub7ec ETF, \ud639\uc740 \ubbf8\uad6d \uad6d\ucc44\ub85c \ubd84\uc0b0\ud574 \ub450\uc5c8\ub2e4\uba74, \uc8fc\uac00 \ud558\ub77d\ubd84\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc744 \ud658\uc728 \uc0c1\uc2b9\ubd84\uc774 \ubc29\uc5b4\ud574 \uc8fc\uc5c8\uc744 \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \ub2e8\uc21c\ud55c \uc774\ub860\uc774 \uc544\ub2cc, \ud55c\uad6d \uc2dc\uc7a5\uc5d0\uc11c \uac80\uc99d\ub41c \uac00\uc7a5 \uac15\ub825\ud55c \ud5f7\uc9c0(Hedge) \uc218\ub2e8\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
\ub2e8\uc21c\ud788 \ub2ec\ub7ec \ud604\uae08\uc744 \uae08\uace0\uc5d0 \ubcf4\uad00\ud558\ub294 \uac83\ub9cc\uc774 \ub2a5\uc0ac\ub294 \uc544\ub2d9\ub2c8\ub2e4. \ub2ec\ub7ec \uc790\uc0b0 \ub0b4\uc5d0\uc11c\ub3c4 \uc218\uc775\uc131\uacfc \uc720\ub3d9\uc131\uc744 \uace0\ub824\ud55c \ubc30\ubd84\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc81c\uac00 \uad8c\uc7a5\ud558\ub294 \ubc29\uc2dd\uc740 ‘\uacc4\ub2e8\uc2dd \ub2ec\ub7ec \ud655\ubcf4’\uc640 ‘\uc0dd\uc0b0\uc131 \uc788\ub294 \ub2ec\ub7ec \uc790\uc0b0’\uc758 \uacb0\ud569\uc785\ub2c8\ub2e4. \ud658\uc728\uc774 \ub0ae\uc744 \ub54c\ub9c8\ub2e4 \ubd84\ud560 \ub9e4\uc218\ub97c \ud1b5\ud574 \ud3c9\uade0 \ub2e8\uac00\ub97c \ub0ae\ucd94\uace0, \uc774\ub807\uac8c \ud655\ubcf4\ud55c \ub2ec\ub7ec\ub97c \ub2e4\uc2dc \uc218\uc775\uc774 \ubc1c\uc0dd\ud558\ub294 \uad6c\uc870\uc5d0 \ud22c\uc785\ud558\ub294 \uac83\uc774 \uc911\uc694\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n
\uac00\uc7a5 \ud6a8\uc728\uc801\uc778 \ubc29\ubc95 \uc911 \ud558\ub098\ub294 \ubbf8\uad6d \ubc30\ub2f9 \uc131\uc7a5\uc8fc\ub098 \ubbf8\uad6d \uad6d\ucc44\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ub2ec\ub7ec\ub77c\ub294 \ud1b5\ud654 \uc790\uccb4\uac00 \uc8fc\ub294 \ubc29\uc5b4\ub825\uc5d0 \ub354\ud574, \ubd84\uae30\ubcc4 \ub610\ub294 \uc6d4\ubcc4\ub85c \ub4e4\uc5b4\uc624\ub294 ‘\ub2ec\ub7ec \ubc30\ub2f9\uae08’\uc740 \uacbd\uc81c \uc704\uae30 \uc2dc \uc720\ub3d9\uc131\uc744 \uacf5\uae09\ud574 \uc8fc\ub294 \ud6cc\ub96d\ud55c \ud604\uae08 \ud750\ub984\uc774 \ub429\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d \uad6d\ucc44\ub294 \uc704\uae30 \uc2dc \ub2ec\ub7ec \uac00\uce58 \uc0c1\uc2b9\uacfc \uad6d\ucc44 \uac00\uaca9 \uc0c1\uc2b9\uc774\ub77c\ub294 \uc774\uc911\uc758 \uc218\ud61c\ub97c \ub204\ub9b4 \uac00\ub2a5\uc131\uc774 \ub192\uc544, \ubcf4\uc218\uc801\uc778 \ud22c\uc790\uc790\uc5d0\uac8c\ub294 \ud544\uc218\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131 \uc694\uc18c\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
\ub2ec\ub7ec \uc790\uc0b0 \ubcf4\uc720\uac00 \uc7a5\uc810\ub9cc \uc788\ub294 \uac83\uc740 \uc544\ub2d9\ub2c8\ub2e4. \uac00\uc7a5 \uc8fc\uc758\ud574\uc57c \ud560 \uc810\uc740 ‘\ud658\uc804 \ube44\uc6a9’\uacfc ‘\uc9c4\uc785 \uc2dc\uc810’\uc785\ub2c8\ub2e4. \ud658\uc804 \uc218\uc218\ub8cc\ub294 \ub9e4\uc218\uc640 \ub9e4\ub3c4 \uc2dc \ubaa8\ub450 \ubc1c\uc0dd\ud558\ubbc0\ub85c, \ub2e8\uae30\uc801\uc778 \uc2dc\uc138 \ucc28\uc775\ubcf4\ub2e4\ub294 \uc7a5\uae30\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubc29\uc5b4 \ucc28\uc6d0\uc5d0\uc11c \uc811\uadfc\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n
\ud658\uc728\uc740 \uac70\uc2dc \uacbd\uc81c \uc9c0\ud45c\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc815\uce58\uc801 \uc774\uc288\uc5d0\ub3c4 \ubbfc\uac10\ud558\uac8c \ubc18\uc751\ud569\ub2c8\ub2e4. \uad6d\ub0b4 \uacbd\uc81c\uac00 \ud638\ud669\uc77c \ub54c\ub294 \uc624\ud788\ub824 \ud658\uc728\uc774 \ud558\ub77d\ud558\uc5ec \ub2ec\ub7ec \uc790\uc0b0\uc5d0\uc11c \ud3c9\uac00 \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ub2ec\ub7ec \ud22c\uc790\ub97c \uc2dc\uc791\ud560 \ub54c\ub294 \uc774\ub97c ‘\uc218\uc775\uc744 \ub0b4\uae30 \uc704\ud55c \uc218\ub2e8’\uc73c\ub85c\ub9cc \ubcf4\uae30\ubcf4\ub2e4, ‘\ub0b4 \uc804\uccb4 \uc790\uc0b0\uc744 \uc9c0\ud0a4\uae30 \uc704\ud55c \ubcf4\ud5d8\ub8cc’\ub77c\uace0 \uc778\uc2dd\ud558\ub294 \uad00\uc810\uc758 \uc804\ud658\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc804\uccb4 \uc790\uc0b0\uc758 10~20% \uc815\ub3c4\ub97c \uafb8\uc900\ud788 \ub2ec\ub7ec\ub85c \uc720\uc9c0\ud558\ub294 \uc2b5\uad00\uc774 \uc704\uae30 \uc0c1\ud669\uc5d0\uc11c \ube5b\uc744 \ubc1c\ud558\uac8c \ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n
<\/p>\n\n\n\n
\uad6d\uc81c \uc7ac\ud14c\ud06c\uc758 \uad00\uc810\uc5d0\uc11c \ub2ec\ub7ec \uc790\uc0b0\uc740 \uc120\ud0dd\uc774 \uc544\ub2cc \ud544\uc218\uc785\ub2c8\ub2e4. \ub300\ud55c\ubbfc\uad6d \uacbd\uc81c\uc758 \uad6c\uc870\uc801 \ud2b9\uc131\uc0c1 \ub300\uc678 \ubcc0\uc218\uc5d0 \ucde8\uc57d\ud560 \uc218\ubc16\uc5d0 \uc5c6\uc73c\uba70, \uc774\ub54c \ub2ec\ub7ec\ub294 \uc6b0\ub9ac \uc790\uc0b0\uc758 \uac00\uce58\ub97c \uc9c0\ucf1c\uc8fc\ub294 \uac00\uc7a5 \ub2e8\ub2e8\ud55c \ubc29\ud328\uac00 \ub429\ub2c8\ub2e4. \uc8fc\uc2dd \uc2dc\uc7a5\uc774 \uc88b\uc744 \ub54c \uc218\uc775\uc5d0 \ucde8\ud574 \ubc29\uc5b4\ucc45\uc744 \uc78a\uae30\ubcf4\ub2e4, \ud3c9\uc628\ud55c \uc2dc\uae30\uc5d0 \ubbf8\ub9ac \ub2ec\ub7ec \uc790\uc0b0\uc744 \ucd95\uc801\ud574 \ub450\ub294 \ud61c\uc548\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc9c0\uae08 \ubc14\ub85c \ubcf8\uc778\uc758 \uc790\uc0b0 \uad6c\uc131 \uc911 \uc6d0\ud654 \ube44\uc911\uc774 \uc9c0\ub098\uce58\uac8c \ub192\uc9c0\ub294 \uc54a\uc740\uc9c0 \uc810\uac80\ud574 \ubcf4\uace0, \uc791\uc740 \uae08\uc561\ubd80\ud130\ub77c\ub3c4 \ub2ec\ub7ec \uc790\uc0b0\uc73c\ub85c\uc758 \ubd84\uc0b0\uc744 \uc2dc\uc791\ud574 \ubcf4\uc2dc\uae38 \uad8c\uc7a5\ud569\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\uae00\ub85c\ubc8c \uae08\uc735 \uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uc774 \ud655\ub300\ub418\ub294 \uc2dc\uae30\uc5d0 \uac1c\uc778 \ud22c\uc790\uc790\uac00 \uac00\uc7a5 \uba3c\uc800 \uace0\ub824\ud574\uc57c \ud560 \uc694\uc18c\ub294 \uc790\uc0b0\uc758 \uc548\uc804\uc131\uc785\ub2c8\ub2e4. \ud2b9\ud788 \ub300\ud55c\ubbfc\uad6d\ucc98\ub7fc \uc18c\uaddc\ubaa8 \uac1c\ubc29 \uacbd\uc81c \uccb4\uc81c\ub97c \uac00\uc9c4 \uad6d\uac00\uc758 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc6d0\ud654 \uc790\uc0b0\ub9cc\uc744 \ubcf4\uc720\ud558\ub294 \uac83\uc740 \uc7a0\uc7ac\uc801\uc778 \ub9ac\uc2a4\ud06c\ub97c \ub0b4\ud3ec\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uad6d\uc81c \uc7ac\ud14c\ud06c\uc758 \ud575\uc2ec\uc740 \uc218\uc775\ub960 \uadf9\ub300\ud654\ubfd0\ub9cc \uc544\ub2c8\ub77c, \uc608\uc0c1\uce58 \ubabb\ud55c \uacbd\uc81c \uc704\uae30 \uc0c1\ud669\uc5d0\uc11c \ub0b4 \uc790\uc0b0\uc758 \uac00\uce58\ub97c \uc5b4\ub5bb\uac8c \ubcf4\uc874\ud558\ub290\ub0d0\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \uc624\ub298\uc740 \ub2ec\ub7ec \uc790\uc0b0\uc774 \uad6d\ub0b4 \uacbd\uc81c \uc704\uae30 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-991","post","type-post","status-publish","format-standard","hentry","category-41"],"featured_image_url":[],"post_author":"seungju1022","assigned_categories":"\uae08\uc735\uc815\ubcf4","_links":{"self":[{"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/posts\/991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inlifenote.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=991"}],"version-history":[{"count":1,"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/posts\/991\/revisions"}],"predecessor-version":[{"id":992,"href":"https:\/\/inlifenote.com\/index.php?rest_route=\/wp\/v2\/posts\/991\/revisions\/992"}],"wp:attachment":[{"href":"https:\/\/inlifenote.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inlifenote.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inlifenote.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}