{"id":38038,"date":"2026-02-11T15:57:34","date_gmt":"2026-02-11T15:57:34","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0%eb%8a%94-%eb%b3%80%eb%8f%99%ec%84%b1-%ec%9d%b4%ed%9b%84-%eb%af%b8%ea%b5%ad-%ec%a3%bc%ec%8b%9d%ec%9d%b4-%ec%95%88%ec%a0%95%ec%84%b8%eb%a5%bc-%eb%b3%b4%ec%98%80\/"},"modified":"2026-02-11T15:57:34","modified_gmt":"2026-02-11T15:57:34","slug":"bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0%eb%8a%94-%eb%b3%80%eb%8f%99%ec%84%b1-%ec%9d%b4%ed%9b%84-%eb%af%b8%ea%b5%ad-%ec%a3%bc%ec%8b%9d%ec%9d%b4-%ec%95%88%ec%a0%95%ec%84%b8%eb%a5%bc-%eb%b3%b4%ec%98%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0%eb%8a%94-%eb%b3%80%eb%8f%99%ec%84%b1-%ec%9d%b4%ed%9b%84-%eb%af%b8%ea%b5%ad-%ec%a3%bc%ec%8b%9d%ec%9d%b4-%ec%95%88%ec%a0%95%ec%84%b8%eb%a5%bc-%eb%b3%b4%ec%98%80\/","title":{"rendered":"BNY\uc758 \uc81c\ud504 \uc720\ub294 \ubcc0\ub3d9\uc131 \uc774\ud6c4 \ubbf8\uad6d \uc8fc\uc2dd\uc774 \uc548\uc815\uc138\ub97c \ubcf4\uc600\uc73c\uba70, \uacac\uace0\ud55c \uad6d\uacbd \uac04 \uc218\uc694 \uc18d\uc5d0\uc11c \uae30\uc220\uc8fc\uac00 \uc790\uae08 \ubc30\ubd84\uc744 \uc8fc\ub3c4\ud558\uace0 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4"},"content":{"rendered":"\ucd5c\uadfc \ubcc0\ub3d9\uc131\uc774 \ucee4\uc84c\ub358 \uc774\ud6c4 \ubbf8\uad6d \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc548\uc815\uc744 \ub418\ucc3e\uc558\uace0, \uae30\uc220(Tech) \uc5c5\uc885\uc774 \uacc4\uc18d\ud574\uc11c \uac00\uc7a5 \ud070 \uc790\uae08 \ubc30\ubd84\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. BNY iFlow \ub370\uc774\ud130(\uc2dc\uc7a5\uc73c\ub85c \ub4e4\uc5b4\uc624\uace0 \ub098\uac00\ub294 \uc790\uae08 \ud750\ub984\uc744 \ucd94\uc801\ud558\ub294 \uc790\ub8cc)\uc5d0 \ub530\ub974\uba74, \ubbf8\uad6d \uae30\uc220\uc8fc\uc5d0 \ub300\ud55c \uad6d\uacbd\uc744 \ub118\ub294 \uc218\uc694(\ud574\uc678 \ud22c\uc790\uc790\ub4e4\uc758 \ub9e4\uc218 \uc218\uc694)\ub294 \uc5ec\uc804\ud788 \uacac\uc870\ud569\ub2c8\ub2e4.\n\n\ub354 \ub113\uc740 IT(Information Technology, \uc815\ubcf4\uae30\uc220) \uc5c5\uc885(GICS Level 1: GICS\ub294 \u2018\uae00\ub85c\ubc8c \uc0b0\uc5c5 \ubd84\ub958 \uae30\uc900\u2019\uc774\uba70 Level 1\uc740 \uac00\uc7a5 \ud070 \uc0b0\uc5c5 \uad6c\ubd84)\uc758 \uc804 \uc138\uacc4 \uc790\uae08 \ubc30\ubd84\uc740 2025\ub144 \uace0\uc810\ubcf4\ub2e4 \ub0ae\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc774\ubbf8 \ub192\uc740 \uc218\uc900\uc778 \ucd5c\uadfc 12\uac1c\uc6d4 \uc774\ub3d9\ud3c9\uade0(\ucd5c\uadfc 12\uac1c\uc6d4 \uac12\uc744 \uacc4\uc18d \uc5c5\ub370\uc774\ud2b8\ud574 \ud3c9\uade0\uc744 \ub0b8 \uc218\uce58)\ubcf4\ub2e4 \uc57d 10% \ub192\uc740 \uc218\uc900\uc785\ub2c8\ub2e4.\n\n

\uad6d\uacbd\uc744 \ub118\ub294 \uae30\uc220\uc8fc \uc218\uc694\ub294 \uc5ec\uc804\ud788 \uacac\uc870<\/h3>\n\uc790\uae08 \ubc30\ubd84\uc740 2023~2024\ub144\uc758 \u201c\ubbf8\uad6d \uc608\uc678\uc8fc\uc758(US exceptionalism: \ubbf8\uad6d \uc2dc\uc7a5\ub9cc \uc720\ub3c5 \uac15\ud558\ub2e4\uace0 \ubcf4\ub294 \ud750\ub984)\u201d \uae30\uac04\ubcf4\ub2e4\ub294 \uc57d\ud569\ub2c8\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \uad6d\uacbd\uc744 \ub118\ub294 \u201c\ud504\ub9ac\ubbf8\uc5c4(premium: \ud574\uc678 \uc790\uae08\uc774 \ubbf8\uad6d \uae30\uc220\uc8fc\uc5d0 \ub354 \ub192\uc740 \ube44\uc911\uc744 \ub450\ub294 \ucd94\uac00 \uc120\ud638)\u201d\uc740 \uc5ec\uc804\ud788 \uc874\uc7ac\ud569\ub2c8\ub2e4.\n\n\ud574\ub2f9 \uae00\uc740 \ub300\uc11c\uc591\uc744 \uc0ac\uc774\uc5d0 \ub454(\ubbf8\uad6d-\uc720\ub7fd) \uad00\uacc4\uc758 \ubd88\uc548\uc815(\uae34\uc7a5, \ub9c8\ucc30)\uc744 \uc5b8\uae09\ud558\uba70, \ub514\ucee4\ud50c\ub9c1(decoupling: \uc11c\ub85c \uc5bd\ud78c \uacbd\uc81c\u00b7\uacf5\uae09\ub9dd\u00b7\ud22c\uc790 \uad00\uacc4\ub97c \ubd84\ub9ac\ud558\ub294 \uac83)\uc774 \ud06c\uac8c \uc9c4\ud589\ub420 \uc5ec\uc9c0\uac00 \uc81c\ud55c\uc801\uc774\ub77c\uace0 \ub9d0\ud569\ub2c8\ub2e4. \ub610\ud55c \uae30\uc220\uc8fc \uad00\ub828 \u2018\uc2dc\uc7a5\uc218\uc775\ub960 \uc0c1\ud68c(outperformance: \uc2dc\uc7a5 \ud3c9\uade0\ubcf4\ub2e4 \ub354 \uc88b\uc740 \uc131\uacfc)\u2019\uac00 \uc774\uc5b4\uc9c0\ub294 \uc774\uc720\ub97c \uc2e4\uc801 \ub2ec\uc131(earnings delivery: \uae30\uc5c5\uc774 \uc608\uc0c1\uc5d0 \ub9de\uac70\ub098 \uadf8 \uc774\uc0c1\uc73c\ub85c \uc774\uc775\uc744 \ub0b4\ub294 \uac83)\uacfc \uc5f0\uacb0\ud569\ub2c8\ub2e4.\n\n

\ubcc0\ub3d9\uc131\uc774 \ub0ae\uc740 \uc7a5\uc138\ub97c \uc704\ud55c \uc635\uc158 \uc804\ub7b5<\/h3>\n\ub098\uc2a4\ub2e5 100(Nasdaq 100: \ubbf8\uad6d \ub300\ud615 \uae30\uc220\uc8fc \uc911\uc2ec \uc9c0\uc218)\uc774 1\uc6d4\uc758 \uac15\ud55c \uc2e4\uc801 \ubc1c\ud45c \uc2dc\uc98c \uc774\ud6c4 \uc62c\ud574 \uc774\ubbf8 \uc57d 8% \uc0c1\uc2b9\ud55c \uac00\uc6b4\ub370, \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc2dc\uc7a5\uc774 \uc608\uc0c1\ud558\ub294\u2019 \ubcc0\ub3d9\uc131)\uc774 \ub0b4\ub824\uc624\uace0 \uc788\uc2b5\ub2c8\ub2e4. VIX(VIX: S&P 500\uc758 \ubcc0\ub3d9\uc131 \uae30\ub300\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\uc218\ub85c \u2018\uacf5\ud3ec\uc9c0\uc218\u2019\ub77c\uace0\ub3c4 \ubd88\ub9bc)\ub294 \ud604\uc7ac 17 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uba70 \ucd5c\uadfc \uace0\uc810\uc5d0\uc11c \ub9ce\uc774 \ub0b4\ub824\uc654\uace0, \uc774\ub294 \uc635\uc158\uc744 \uc0ac\ub294 \ube44\uc6a9(\uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4)\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc544\uc84c\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \uc8fc\uc694 \uae30\uc220 ETF(ETF: \uc5ec\ub7ec \uc8fc\uc2dd\uc744 \ubb36\uc5b4 \uac70\ub798\ud558\ub294 \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc)\uc5d0 \ub300\ud55c \ucf5c\uc635\uc158(call option: \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud574 \ucd94\uac00 \uc0c1\uc2b9\uc5d0 \ucc38\uc5ec\ud558\ub294 \uc804\ub7b5\uc774 \uc720\ub9ac\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\ubbf8\uad6d \uae30\uc220\uc8fc \ub178\ucd9c(exposure: \ud2b9\uc815 \uc790\uc0b0\u00b7\uc5c5\uc885\uc5d0 \ub300\ud55c \ud22c\uc790 \ube44\uc911\/\uc5f0\uacb0 \uc815\ub3c4)\uc5d0 \ub300\ud55c \uc9c0\uc18d\uc801\uc778 \u201c\ud504\ub9ac\ubbf8\uc5c4\u201d\uc740 \uc8fc\uc694 \ubc18\ub3c4\uccb4 \ub610\ub294 \uc18c\ud504\ud2b8\uc6e8\uc5b4 \uc885\ubaa9\uc5d0 \ub300\ud574 \ud604\uae08\ub2f4\ubcf4 \ud48b \ub9e4\ub3c4(selling cash-secured puts: \uc8fc\uc2dd\uc744 \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc758\ubb34\uac00 \uc0dd\uae38 \uc218 \uc788\ub294 \ud48b\uc635\uc158\uc744 \ud314\uace0, \uadf8 \ub300\uae08\uc744 \uc0b4 \uc218 \uc788\ub3c4\ub85d \ud604\uae08\uc744 \ud655\ubcf4\ud574 \ub450\ub294 \ubc29\uc2dd)\uac00 \uac00\ub2a5\ud55c \uc804\ub7b5\uc784\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. \uc774 \ubc29\ubc95\uc740 \uc7a5\uae30\uc801\uc73c\ub85c \ubcf4\uc720\ud558\uace0 \uc2f6\uc740 \uc885\ubaa9\uc744 \ub354 \ub0ae\uc740 \uac00\uaca9\uc5d0\uc11c \uc0b4 \uc218 \uc788\ub294 \uac00\ub2a5\uc131\uc744 \uc5f4\uc5b4\ub450\uba74\uc11c, \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158\uc744 \ud314 \ub54c \ubc1b\ub294 \ub3c8)\uc73c\ub85c \uc218\uc775\uc744 \uc5bb\ub294 \uc811\uadfc\uc785\ub2c8\ub2e4. \ub610\ud55c \uc870\uc815\uc774 \ub098\uc624\ub354\ub77c\ub3c4 \ud574\uc678 \uc790\uae08\uc758 \ub9e4\uc218\ub85c \ud558\ub77d\ud3ed\uc774 \uc81c\ud55c\ub420 \uc218 \uc788\ub2e4\ub294 \uad00\uc810\uc744 \ubc18\uc601\ud569\ub2c8\ub2e4.\n\n\uc55e\uc73c\ub85c \uc774 \ud750\ub984\uc758 \ub2e4\uc74c \uc2dc\ud5d8\ub300\ub294 \uc57d \ub450 \ub2ec \ub4a4 \uc2dc\uc791\ub418\ub294 2026\ub144 1\ubd84\uae30(Q1 2026) \uc2e4\uc801 \uc2dc\uc98c(\uae30\uc5c5\ub4e4\uc774 \ubd84\uae30 \uc2e4\uc801\uc744 \ubc1c\ud45c\ud558\ub294 \uae30\uac04)\uc785\ub2c8\ub2e4. \uc6b0\ub9ac\ub294 2025\ub144 4\ubd84\uae30(Q4 2025)\uc758 \uac15\ud55c \uc2e4\uc801 \ubc1c\ud45c\uac00 \uc791\ub144 \ub9d0\uc5d0 \uc313\uc600\ub358 \uac15\uc138 \ud3ec\uc9c0\uc158(bullish positioning: \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud55c \ud22c\uc790\/\ud3ec\uc9c0\uc158)\uc744 \ud655\uc778\ud574\uc92c\ub2e4\ub294 \uc810\uc744 \ud655\uc778\ud588\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ud2b8\ub808\uc774\ub354\ub294 4\uc6d4 \uc774\ud6c4 \ub9cc\uae30(expiring after April: \ub9cc\ub8cc \uc2dc\uc810\uc774 4\uc6d4 \uc774\ud6c4\uc778)\ub85c \ub354 \uae34 \uae30\uac04\uc758 \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub294\ub370, \uc608\ub97c \ub4e4\uc5b4 \ubd88 \ucf5c \uc2a4\ud504\ub808\ub4dc(bull call spread: \ub354 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc744 \uc0ac\uace0 \ub354 \ub192\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc744 \ud314\uc544 \ube44\uc6a9\uc744 \uc904\uc774\uba74\uc11c \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5)\ucc98\ub7fc \uae0d\uc815\uc801 \uc2e4\uc801 \u2018\uc11c\ud504\ub77c\uc774\uc988(surprise: \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \uc88b\uc740 \uacb0\uacfc)\u2019 \uac00\ub2a5\uc131\uc744 \ub178\ub9ac\ub294 \ubc29\uc2dd\uc785\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\ubcc0\ub3d9\uc131 \uc9c4\uc815 \uc18d \uae00\ub85c\ubc8c \uc790\uae08\uc740 \uc5ec\uc804\ud788 \ubbf8\uad6d \ud14c\ud06c\ub85c \ubab0\ub9b0\ub2e4: BNY iFlow\ub294 \uacac\uc870\ud55c \ud574\uc678 \uc218\uc694\uc640 \ud504\ub9ac\ubbf8\uc5c4 \uc9c0\uc18d\uc744 \ud655\uc778. VIX \ud558\ub77d\uc73c\ub85c \ucf5c\u00b7\ud48b \uc804\ub7b5 \ub9e4\ub825, 2026\ub144 1\ubd84\uae30 \uc2e4\uc801\uc774 \ub2e4\uc74c \ubd84\uc218\ub839. – vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38038","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38038"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38038\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}