{"id":41715,"date":"2026-03-19T03:43:20","date_gmt":"2026-03-19T03:43:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0-%eb%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ec%86%8d-%ed%97%a4%ec%a7%80-%ea%b0%95%ed%99%94%ec%8b%a0%ed%9d%a5%ea%b5%ad-%ec%95%84%ed%83%9c\/"},"modified":"2026-03-19T03:43:20","modified_gmt":"2026-03-19T03:43:20","slug":"bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0-%eb%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ec%86%8d-%ed%97%a4%ec%a7%80-%ea%b0%95%ed%99%94%ec%8b%a0%ed%9d%a5%ea%b5%ad-%ec%95%84%ed%83%9c","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%b3%80%eb%8f%99%ec%84%b1-%ed%99%95%eb%8c%80-%ec%86%8d-%ed%97%a4%ec%a7%80-%ea%b0%95%ed%99%94%ec%8b%a0%ed%9d%a5%ea%b5%ad-%ec%95%84%ed%83%9c\/","title":{"rendered":"BNY\uc758 \uc81c\ud504 \uc720 \u201c\ubcc0\ub3d9\uc131 \ud655\ub300 \uc18d \ud5e4\uc9c0 \uac15\ud654\u2026\uc2e0\ud765\uad6d \uc544\ud0dc \uc8fc\uc2dd, \uae00\ub85c\ubc8c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0\uc11c \uc5ec\uc804\ud788 \ucd5c\uc120\uc758 \ubcf4\uc720\ucc98\u201d"},"content":{"rendered":"APAC(\uc544\uc2dc\uc544\u00b7\ud0dc\ud3c9\uc591) \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc9c0\ub09c 2\uc8fc \ub3d9\uc548 \ud070 \ud3ed\uc758 \ub4f1\ub77d\uc744 \uacaa\uc5c8\uc73c\uba70, \ubd84\uc7c1 \uc774\uc804\ubd80\ud130 \uae30\uc220\uc8fc\uc640 \uae00\ub85c\ubc8c AI(\uc778\uacf5\uc9c0\ub2a5) \uc0b0\uc5c5 \ube44\uc911\uc774 \ub192\uc558\ub358 \uc2dc\uc7a5\uc77c\uc218\ub85d \uc704\ud5d8\uc774 \ub354 \ucee4\uc84c\ub2e4. \uc601\ud5a5\uc744 \ubc1b\ub294 \uc5c5\uc885\uc740 \uacf5\uae09 \ucc28\uc9c8 \uc704\ud5d8\uc774 \uc774\uc5b4\uc9c0\uace0 \uc788\ub2e4. \ud2b9\ud788 \ubc18\ub3c4\uccb4 \uc0b0\uc5c5\uc740 \ud5ec\ub968(\ubc18\ub3c4\uccb4 \uc81c\uc870 \uacf5\uc815\uc5d0\uc11c \uc4f0\uc774\ub294 \ud76c\uadc0\uac00\uc2a4, \uc77c\ubd80 \uacf5\uc815\u00b7\uc7a5\ube44\uc758 \ub0c9\uac01 \ub4f1\uc5d0 \ud544\uc694) \uc758\uc874\ub3c4\uac00 \uc788\uc5b4 \uacf5\uae09 \ub9ac\uc2a4\ud06c\uac00 \ubd80\ub2f4\uc774\ub2e4.\n\n\ud53c\uce58\ub294 \ud55c\uad6d\uc774 \uc9c0\ub09c\ud574 \ud5ec\ub968 \uc218\uc785\uc758 \uc57d 65%\ub97c \uce74\ud0c0\ub974\uc5d0\uc11c \uc870\ub2ec\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc77c\ubcf8\uc740 \uc6d4\uc694\uc77c\uc5d0 \ube44\ucd95\ub7c9 \uc218\uc900\uc744 \uacf5\uac1c\ud588\ub2e4. EM APAC(\uc2e0\ud765\uad6d APAC) \uc8fc\uc2dd\uc740 \uae00\ub85c\ubc8c \uc9c0\uc5ed \uac00\uc6b4\ub370 \ud22c\uc790 \ube44\uc911\uc774 \uac00\uc7a5 \uc798 \uc720\uc9c0\ub418\uace0 \uc788\uc73c\uba70, \uc774 \uc9c0\uc5ed\uc758 \uc120\uc9c4\uad6d \uc2dc\uc7a5\ub3c4 \ub2e4\ub978 \uae00\ub85c\ubc8c \uc120\uc9c4\uad6d \uc2dc\uc7a5\ubcf4\ub2e4 \ud22c\uc790 \ube44\uc911\uc774 \ub354 \uacac\uc870\ud55c \ud3b8\uc774\ub2e4.\n\n

Apac Allocation Outlook<\/h3>\n\ucd5c\uadfc \uc870\uc815 \uc774\uc804\ubd80\ud130 \ubbf8\uad6d \uc790\uc0b0 \ube44\uc911\uc774 \ube44\uad50\uc801 \ub0ae\uc558\ub358 \ub9cc\ud07c APAC \ud22c\uc790 \ube44\uc911\uc744 \ub354 \ub298\ub9b4 \uc5ec\uc9c0\ub3c4 \uc788\ub2e4. \uc911\uad6d \uc218\uc694\ub294 \uae30\uc800\ud6a8\uacfc(\uc804\ub144 \ub300\ube44 \ube44\uad50 \uae30\uc900\uc774 \ub0ae\uc544 \uc131\uc7a5\ub960\uc774 \ub192\uc544 \ubcf4\uc774\ub294 \ud6a8\uacfc)\uc640 \ucd94\uac00 \uacbd\uae30\ubd80\uc591\ucc45\uc73c\ub85c \uac1c\uc120\ub420 \uc218 \uc788\ub2e4. \ub2e4\ub9cc \uc804\uad6d\uc778\ubbfc\ub300\ud45c\ub300\ud68c(NPC\u00b7\uc911\uad6d\uc758 \uc5f0\ub840 \ucd5c\uace0 \uc758\uc0ac\uacb0\uc815 \ud68c\uc758)\uc5d0\uc11c \uc81c\uc2dc\ub41c \uc131\uc7a5 \ubaa9\ud45c\ub294 \uc2dc\uc7a5 \uae30\ub300\ub97c \uc6c3\ub3cc\uc9c0 \uc54a\uc558\ub2e4.\n\n\ub2e8\uae30 \ud5e4\uc9c0 \ube44\uc728(\uac00\uaca9 \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud574 \uc120\ubb3c\u00b7\uc635\uc158 \ub4f1\uc73c\ub85c \ubc29\uc5b4\ud558\ub294 \ube44\uc911)\uc740 \ub192\uc740 \uc218\uc900\uc774 \uc720\uc9c0\ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc740 \uc544\uc2dc\uc544\uc758 \uad6d\uc81c\uc218\uc9c0(\ud55c \ub098\ub77c\uac00 \ud574\uc678\uc640 \uac70\ub798\ud55c \uacb0\uacfc\ub97c \uc815\ub9ac\ud55c \ud1b5\uacc4: \ubb34\uc5ed\uc218\uc9c0\u00b7\uc18c\ub4dd\uc218\uc9c0 \ub4f1\uc744 \ud3ec\ud568)\ub97c \uc545\ud654\uc2dc\ud0ac \uc218 \uc788\ub2e4. \ub610 \ub2e8\uae30 \uad6c\uac04\uc758 \uae00\ub85c\ubc8c \uae08\ub9ac(\uc9e7\uc740 \ub9cc\uae30 \uad6d\ucc44 \uc218\uc775\ub960)\uac00 \ub192\uc544\uc9c0\uba74 \uc804\ud1b5\uc801 \uc790\uae08 \uc870\ub2ec\ucc98\uc5d0\uc11c \uc790\uae08\uc774 \ubcf8\uad6d\uc73c\ub85c \ub3cc\uc544\uc624\ub294 \uc218\uc694(\ud658\ub958 \uc218\uc694)\uac00 \uc904\uc5b4\ub4e4 \uc218 \uc788\ub2e4.\n\nEM APAC \uc8fc\uc2dd\uc740 \ucd5c\uadfc \ubcc0\ub3d9\uc131\uc5d0\ub3c4 \uacac\uc870\ud568\uc744 \ubcf4\uc774\uba70 \ud575\uc2ec \ubcf4\uc720(\ucf54\uc5b4) \uc790\uc0b0\uc73c\ub85c \uc720\uc9c0\ub418\uace0 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 MSCI \uc2e0\ud765\uc2dc\uc7a5 \uc544\uc2dc\uc544 \uc9c0\uc218\ub294 \uc62c\ud574 \ub4e4\uc5b4 \uc120\uc9c4\uad6d \uc2dc\uc7a5 \ub2e4\uc218\ubcf4\ub2e4 \uc0c1\ub300\uc801\uc73c\ub85c \uc798 \ubc84\ud2f0\uba70 \ud22c\uc790\uc790 \uc2e0\ub8b0\ub97c \ubcf4\uc5ec\uc654\ub2e4. \uc774\ub294 \ud574\ub2f9 \uc9c0\uc5ed\uc758 \uc131\uc7a5 \uc7a0\uc7ac\ub825\uc5d0 \ub300\ud55c \uc775\uc2a4\ud3ec\uc800(\ud22c\uc790 \ub178\ucd9c)\ub97c \uc720\uc9c0\ud558\ub824\ub294 \uc804\ub7b5\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.\n\n\ub2e4\ub9cc \uc5c5\uc885\ubcc4 \uc704\ud5d8\uc740 \uc801\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ud558\uace0 \uc788\ub2e4. \ud2b9\ud788 \ubc18\ub3c4\uccb4\ub294 2025\ub144\uc5d0\ub3c4 \ud5ec\ub968\uc744 \ub458\ub7ec\uc2fc \uacf5\uae09\ub9dd \uc6b0\ub824\uac00 \uc788\uc5c8\ub358 \ub9cc\ud07c \uc7ac\ubc1c \uac00\ub2a5\uc131\uc744 \uacbd\uacc4\ud55c\ub2e4. \ud55c\uad6d\uacfc \ub300\ub9cc\ucc98\ub7fc \uae30\uc220\uc8fc \ube44\uc911\uc774 \ud070 \uc2dc\uc7a5\uc5d0\uc11c \ud3ec\uc9c0\uc158(\ubcf4\uc720 \ud22c\uc790)\uc744 \ubc29\uc5b4\ud558\uae30 \uc704\ud574 TSMC(\ub300\ub9cc \ubc18\ub3c4\uccb4 \uc704\ud0c1\uc0dd\uc0b0\u00b7\ud30c\uc6b4\ub4dc\ub9ac \uae30\uc5c5) \ub4f1 \ud575\uc2ec \uc885\ubaa9\uc5d0 \ub300\ud574 \ud48b\uc635\uc158(\uac00\uaca9 \ud558\ub77d \uc2dc \uc190\uc2e4\uc744 \uc81c\ud55c\ud558\ub294 \u2018\ubcf4\ud5d8\u2019 \uc131\uaca9\uc758 \uc635\uc158)\uc744 \ub9e4\uc218\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \uacf5\uae09 \ucc28\uc9c8\uc774 \uc0dd\uc0b0\uacfc \uc2e4\uc801\uc5d0 \ubbf8\uce60 \uc218 \uc788\ub294 \ucda9\uaca9\uc5d0 \ub300\ube44\ud55c \ud558\ubc29 \uc644\ucda9\uc7a5\uce58\ub2e4.\n\n

Portfolio Hedging Approach<\/h3>\n\uc911\uad6d\uc758 \ucd5c\uadfc \uacbd\uc81c \uc870\uce58\ub294 \uc218\uc694\ub97c \ub5a0\ubc1b\uce58\ub824\ub294 \ubaa9\uc801\uc774 \ub69c\ub837\ud574 \u2018\ud22c\uc790\ub97c \uc720\uc9c0\ud560 \uadfc\uac70\u2019\ub97c \uc81c\uacf5\ud55c\ub2e4. 2026\ub144 1\ubd84\uae30 \uc911\uad6d PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218: \uc81c\uc870\uc5c5\u00b7\uc11c\ube44\uc2a4\uc5c5 \uacbd\uae30\uc758 \ud655\uc7a5\/\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uac00 50(\uacbd\uae30 \ud655\uc7a5\uacfc \uc704\ucd95\uc758 \uae30\uc900\uc120) \uc704\uc5d0\uc11c \uc548\uc815\ub418\ub294 \ud750\ub984\uc744 \ubcf4\uc600\uace0, \ubca0\uc774\uc9d5\uc740 \ucd94\uac00 \uc7ac\uc815 \uc9c0\uc6d0(\uc815\ubd80 \uc9c0\ucd9c \ud655\ub300 \ub4f1)\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uc774\ub294 \uae00\ub85c\ubc8c \ud750\ub984\uacfc \ubb34\uad00\ud558\uac8c APAC \uc804\ubc18\uc5d0 \uae0d\uc815\uc801\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub294 \uc9c0\uc5ed \uace0\uc720 \uc694\uc778\uc774\ub2e4.\n\n\ub3d9\uc2dc\uc5d0 \uac70\uc2dc\uacbd\uc81c(\ud070 \ud750\ub984\uc758 \uacbd\uc81c \ud658\uacbd) \uce21\uba74\uc5d0\uc11c\ub294 \ud5e4\uc9c0 \ube44\uc728\uc744 \ub192\uc5ec\uc57c \ud560 \uc7a5\uc560 \uc694\uc778\ub3c4 \ud06c\ub2e4. \ube0c\ub80c\ud2b8\uc720(\uad6d\uc81c \uc720\uac00 \uae30\uc900 \uc911 \ud558\ub098)\ub294 \ubc30\ub7f4\ub2f9 92\ub2ec\ub7ec \uc548\ud30e\uc5d0\uc11c \ub192\uc740 \uc218\uc900\uc744 \uc774\uc5b4\uac00\uba70 \uc8fc\uc694 \uc5d0\ub108\uc9c0 \uc218\uc785\uad6d\uc778 \uc544\uc2dc\uc544\uc758 \uad6d\uc81c\uc218\uc9c0\uc5d0 \ubd80\ub2f4\uc744 \uc900\ub2e4. \uace0\uc720\uac00\uac00 \uc9c0\uc18d\ub418\uba74 \uae30\uc5c5 \uc774\uc775\ub960(\ub9c8\uc9c4)\uc744 \uae4e\uace0, \uc9c0\uc5ed \ud1b5\ud654\uc5d0\ub3c4 \uc57d\uc138 \uc555\ub825\uc744 \uc904 \uc218 \uc788\ub2e4.\n\n\ub530\ub77c\uc11c \ud575\uc2ec \u2018\ub871(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud55c \ubcf4\uc720)\u2019 \ud3ec\uc9c0\uc158\uc740 \uc720\uc9c0\ud558\ub418, \ub354 \ub113\uc740 \uc704\ud5d8\uc5d0 \ub300\ube44\ud574 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc804\uccb4\ub97c \ud5e4\uc9c0\ud558\uace0 \uc788\ub2e4. \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uacfc \ub192\uc740 \uae00\ub85c\ubc8c \uae08\ub9ac\uac00 \ucd09\ubc1c\ud560 \uc218 \uc788\ub294 \uc2dc\uc7a5 \ud558\ub77d\uc5d0 \ub300\ube44\ud574 \uad11\ubc94\uc704\ud55c \uc9c0\uc5ed \uc9c0\uc218\uc5d0 \ud48b \uc2a4\ud504\ub808\ub4dc(\ud48b\uc635\uc158\uc744 \uc0ac\uace0 \ub354 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ud48b\uc635\uc158\uc744 \ud30c\ub294 \uc804\ub7b5: \ube44\uc6a9\uc744 \uc904\uc774\ub294 \ub300\uc2e0 \ubc29\uc5b4 \ubc94\uc704\ub97c \uc81c\ud55c)\ub97c \ud65c\uc6a9\ud558\uace0 \uc788\ub2e4. \ubbf8 \uad6d\ucc44 2\ub144\ubb3c \uae08\ub9ac(\ub2e8\uae30 \uae08\ub9ac\uc758 \ub300\ud45c \uc9c0\ud45c)\uac00 \uacac\uc870\ud558\uac8c \uc720\uc9c0\ub418\ub294 \uc0c1\ud669\uc5d0\uc11c\ub294 \uc790\uae08\uc774 \uc544\uc2dc\uc544\ub85c \uc720\uc785\ub420 \uc720\uc778\uc774 \uc57d\ud574\uc9c0\ubbc0\ub85c, \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \uc774\ub7f0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubc29\uc5b4\uac00 \uc911\uc694\ud558\ub2e4\uace0 \ubcf8\ub2e4.\n

\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 – VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

APAC \uc99d\uc2dc \ubcc0\ub3d9\uc131 \ud655\ub300\u2026\uae30\uc220\u00b7AI \ube44\uc911 \ub192\uc740 \ud55c\uad6d\u00b7\ub300\ub9cc \u2018\ud5ec\ub968 \ub9ac\uc2a4\ud06c\u2019 \uacbd\uace0. EM APAC\uc740 \ucf54\uc5b4 \uc720\uc9c0\ud558\ub418, \uace0\uc720\uac00\u00b7\uace0\uae08\ub9ac \ub300\ube44 \uc9c0\uc218\u00b7TSMC \ud48b\uc635\uc158 \ud5e4\uc9c0 \uac15\ud654.<\/p>\n","protected":false},"author":87,"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-41715","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\/41715","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41715"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}