{"id":49735,"date":"2026-06-12T14:53:39","date_gmt":"2026-06-12T14:53:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bny%ec%9d%98-%ec%83%88%eb%b9%84%ec%a7%80-%ea%b8%b0%ea%b4%80-%ed%98%84%ea%b8%88-%ea%b0%90%ec%86%8c%c2%b7%eb%b0%b8%eb%a5%98%ec%97%90%ec%9d%b4%ec%85%98-%eb%b6%80%eb%8b%b4%c2%b7ipo-%eb%b0%9c\/"},"modified":"2026-06-12T14:53:39","modified_gmt":"2026-06-12T14:53:39","slug":"bny%ec%9d%98-%ec%83%88%eb%b9%84%ec%a7%80-%ea%b8%b0%ea%b4%80-%ed%98%84%ea%b8%88-%ea%b0%90%ec%86%8c%c2%b7%eb%b0%b8%eb%a5%98%ec%97%90%ec%9d%b4%ec%85%98-%eb%b6%80%eb%8b%b4%c2%b7ipo-%eb%b0%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bny%ec%9d%98-%ec%83%88%eb%b9%84%ec%a7%80-%ea%b8%b0%ea%b4%80-%ed%98%84%ea%b8%88-%ea%b0%90%ec%86%8c%c2%b7%eb%b0%b8%eb%a5%98%ec%97%90%ec%9d%b4%ec%85%98-%eb%b6%80%eb%8b%b4%c2%b7ipo-%eb%b0%9c\/","title":{"rendered":"BNY\uc758 \uc0c8\ube44\uc9c0 \u201c\uae30\uad00 \ud604\uae08 \uac10\uc18c\u00b7\ubc38\ub958\uc5d0\uc774\uc158 \ubd80\ub2f4\u00b7IPO \ubc1c\ud589 \uc99d\uac00\u2026\uc815\ucc45 \uae30\ub300\uac00 \ubbf8 \uc99d\uc2dc \uc88c\uc6b0\u201d"},"content":{"rendered":"<p>BNY\uc758 \ubc25 \uc0c8\ube44\uc9c0\ub294 iFlow \ub370\uc774\ud130\ub97c \ud65c\uc6a9\ud574 \ubbf8 \uc8fc\uc2dd\uc2dc\uc7a5\uc744 \ud3c9\uac00\ud558\uba74\uc11c, \ub192\uc740 \ubc38\ub958\uc5d0\uc774\uc158\uacfc \ub300\uaddc\ubaa8 \uc2e0\uaddc \uc8fc\uc2dd \ubc1c\ud589(\uc2a4\ud398\uc774\uc2a4X \ub4f1 \ub300\ud615 IPO \ud3ec\ud568)\uc774 \uc774\uc5b4\uc9c0\ub294 \uac00\uc6b4\ub370 \uae30\uad00 \ud604\uae08 \uc794\uace0\uac00 \uac10\uc18c\ud558\uace0 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \uadf8\ub294 \ucf54\ub85c\ub09819 \uc774\ud6c4 iFlow\uc758 \uae30\uad00 \ud604\uae08 \ubcf4\uc720\uac00 S&#038;P 500\uacfc \ub354 \ubc00\uc811\ud558\uac8c \ub3d9\ud589\ud574 \uc654\ub2e4\uba70, \ud5a5\ud6c4 \uc8fc\uc2dd \ubcc0\ub3d9\uc131\uc744 \uc77d\uc744 \ub54c\ub294 \ud53c\ud06c-\ud22c-\ud2b8\ub85c\ud504(\uace0\uc810-\uc800\uc810) \ud3ed\ubcf4\ub2e4 \ud604\uae08 \ud750\ub984\uc758 \u2018\uc804\ud658\uc810\u2019\uc774 \ub354 \uc911\uc694\ud558\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4. \ud604\uae08 \ubcf4\uc720\ub294 10\ub144 \ud3c9\uade0 \uc218\uc900 \uadfc\ucc98\ub85c \ud3c9\uac00\ub418\ub294 \ubc18\uba74, 3\ubd84\uae30 \ubc0f \ud558\ubc18\uae30(2H)\ub85c \uac08\uc218\ub85d\uc758 \uc8fc\uc2dd \ub9ac\uc2a4\ud06c \ud504\ub77c\uc774\uc2f1\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc790\uccb4\ubcf4\ub2e4 \uc815\ucc45 \uae30\ub300\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub41c\ub2e4\ub294 \uad00\uc810\uc774\ub2e4.<\/p>\n<p>\uc774\ubc88 \ud604\uae08 \uac10\uc18c\ub294 \ucf54\ub85c\ub09819\ub098 \ub7ec\uc2dc\uc544\uc758 \uc6b0\ud06c\ub77c\uc774\ub098 \uce68\uacf5 \ub2f9\uc2dc\ubcf4\ub2e4 \uaddc\ubaa8\uac00 \uc791\uc9c0\ub9cc, \uacfc\uac70\uc5d0\ub294 \ud604\uae08 \ubcf4\uc720\uac00 \uace0\uc810\uc744 \ucc0d\uc740 \ub4a4 \uc8fc\uc2dd \ucd94\uc138\uac00 \ub418\ub3cc\ub824\uc9c0\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc558\ub2e4\uace0 \uc124\uba85\ud588\ub2e4(\uc608\uc678\ub85c \u2018Liberation Day\u2019\ub97c \uc5b8\uae09). \ud604 \uc2dc\uc810\uc758 \uc9c0\ubc30\uc801 \ub0b4\ub7ec\ud2f0\ube0c\ub294 \uc5ec\uc804\ud788 \u2018\uc800\uac00 \ub9e4\uc218(buy-the-dip)\u2019\ub77c\ub294 \ud3c9\uac00\ub2e4. \uc0c8\ube44\uc9c0\ub294 \uc9c0\uc218\uc640 \ud604\uae08 \ubcf4\uc720\uc758 \uad34\ub9ac\ub97c \ubc38\ub958\uc5d0\uc774\uc158 \ubd80\ub2f4\uacfc \uc5f0\uacb0 \uc9c0\uc73c\uba70, CAPE(\uc870\uc815 PER)\uac00 \ub192\uc744\uc218\ub85d \ubc29\uc5b4\uc801 \ud3ec\uc9c0\uc154\ub2dd(\ud3c9\uade0\ud68c\uadc0 \uc608\uc0c1\uc5d0 \ub300\ube44)\uc73c\ub85c \ud604\uae08 \ubcf4\uc720\ub3c4 \ub192\uc740 \uc218\uc900\uc744 \ub3d9\ubc18\ud558\ub294 \uacbd\ud5a5\uc774 \uc788\uc5c8\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. \ubc1c\ud589 \uce21\uba74\uc5d0\uc11c\ub294 \ucd08\ub300\ud615 IPO\uac00 \ud1b5\uc0c1 \uc2dc\uc7a5 \ucc9c\uc815\uc744 \uc758\ubbf8\ud558\uc9c4 \uc54a\uc558\ub2e4\uba70, \uc9c0\ub09c 50\ub144 \ub3d9\uc548 \ub300\ud615 IPO\uc758 20%\ub9cc\uc774 \uc2dc\uc7a5 \uc870\uc815 \uc774\uc804\uc5d0 \ubc1c\uc0dd\ud588\ub2e4\uace0 \ud588\ub2e4. \ub2e4\ub9cc \uc804\ud658\uc810\uc5d0\uc11c\ub294 \u2018\uc6d0\uc778\u2019\uc774\ub77c\uae30\ubcf4\ub2e4 \u2018\ud0c0\uc774\ubc0d\u2019\uacfc \u2018\ud604\uae08 \ud750\ub984\u2019\uc774 \ub9de\ubb3c\ub9b0\ub2e4\ub294 \uc785\uc7a5\uc774\ub2e4.<\/p>\n<h3>\uae30\uad00 \ud604\uae08 \ud750\ub984, \ubc38\ub958\uc5d0\uc774\uc158 \ubd88\uc548, \uadf8\ub9ac\uace0 \uc2dc\uc7a5 \ub0b4\ub7ec\ud2f0\ube0c<\/h3>\n<p>\ucd5c\uadfc \uace0\uc810\uc5d0\uc11c \uae30\uad00 \ud604\uae08 \ubcf4\uc720\uac00 \uac10\uc18c\ud558\uae30 \uc2dc\uc791\ud558\ub294 \ud750\ub984\uc774 \ub098\ud0c0\ub098\uace0 \uc788\uc73c\uba70, \uc774\ub7ec\ud55c \uc6c0\uc9c1\uc784\uc740 \uc885\uc885 \uc8fc\uc2dd \ucd94\uc138\uc758 \uc804\ud658\uc5d0 \uc55e\uc11c \uad00\uce21\ub3fc \uc654\ub2e4. \ud604\uae08 \uc218\uc900\uc774 10\ub144 \ud3c9\uade0 \ubd80\uadfc\uc774\uace0 \uac10\uc18c \ud3ed\ub3c4 \uc81c\ud55c\uc801\uc774\uc9c0\ub9cc, \uc774\ubc88 \ubcc0\ud654\ub294 \uc9c0\ubc30\uc801\uc778 \u2018\uc800\uac00 \ub9e4\uc218(buy-the-dip)\u2019 \uc2ec\ub9ac\uac00 \uc2dc\ud5d8\ub300\uc5d0 \uc62c\ub790\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub7ec\ud55c \ud750\ub984\uc744 \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud560 \ud544\uc694\uac00 \uc788\uc73c\uba70, \ucd94\uac00\uc801\uc778 \ud604\uae08 \uc720\ucd9c\uc774 \uc774\uc5b4\uc9c8 \uacbd\uc6b0 \uc2dc\uc7a5 \ud655\uc2e0\uc758 \uac15\ud654 \uc2e0\ud638\uc77c \uc218\ub3c4, \ubc18\ub300\ub85c \ub300\uae30\uc790\uae08(sideline cash) \uc18c\uc9c4\uc744 \uc758\ubbf8\ud560 \uc218\ub3c4 \uc788\ub2e4.<\/p>\n<p>\ud575\uc2ec \uc6b0\ub824\ub294 \uc0c1\uc2b9\ud558\ub294 \uc8fc\uac00\uc9c0\uc218\uc640 \ub300\ube44\ub418\ub294 \uc18c\uadf9\uc801\uc778 \ud604\uae08 \uc9d1\ud589\uc758 \uad34\ub9ac\ub85c, \uc774\ub294 \uace0\ud3c9\uac00\ub41c \ubc38\ub958\uc5d0\uc774\uc158\uc5d0 \ub300\ud55c \ud22c\uc790\uc790 \ubd88\uc548\uc744 \ub4dc\ub7ec\ub0b8\ub2e4. \ud604\uc7ac \uc2e4\ub7ec PER(Shiller P\/E)\uc740 \uc57d 32 \uc218\uc900\uc73c\ub85c, \uc7a5\uae30 \ud3c9\uade0 17\uc744 \ud06c\uac8c \uc0c1\ud68c\ud574 \uc774\ub7ec\ud55c \uacbd\uacc4\ub294 \ud0c0\ub2f9\ud558\ub2e4\ub294 \ud3c9\uac00\ub2e4. \uc774\uc5d0 \ub530\ub77c VIX\uac00 14 \uc548\ud30e\uc73c\ub85c \ube44\uad50\uc801 \ub0ae\uc740 \uad6c\uac04\uc5d0 \uba38\ubb34\ub294 \ub3d9\uc548 \uc8fc\uc694 \uc9c0\uc218 \ud48b\uc635\uc158 \ub4f1 \ud558\ubc29 \ubcf4\ud638(\ub2e4\uc6b4\uc0ac\uc774\ub4dc \ud5e4\uc9c0) \ub9e4\uc218\ub294 \ud569\ub9ac\uc801\uc774\ub77c\uace0 \ubcf8\ub2e4.<\/p>\n<h3>IPO \ud65c\ub3d9, \uc720\ub3d9\uc131 \uc720\ucd9c, \uadf8\ub9ac\uace0 \uc911\uc559\uc740\ud589 \uc815\ucc45<\/h3>\n<p>\ub300\uae30 \uc911\uc778 IPO \ubb3c\ub7c9\uc774 \uc0c1\ub2f9\ud558\ub2e4\ub294 \uc810\ub3c4 \ubcc0\uc218\uc9c0\ub9cc, \uc774\ub97c \uc2e0\ub8b0\ub3c4 \ub192\uc740 \u2018\uc2dc\uc7a5 \uace0\uc810\u2019 \uc2e0\ud638\ub85c \ubcf4\uc9c0\ub294 \uc54a\ub294\ub2e4. \uc5ed\uc0ac\uc801\uc73c\ub85c \uc9c0\ub09c 50\ub144 \ub3d9\uc548 \ucd08\ub300\ud615 IPO\uc758 20%\ub9cc\uc774 \ud070 \ud3ed\uc758 \uc2dc\uc7a5 \uc870\uc815 \uc774\uc804\uc5d0 \ubc1c\uc0dd\ud588\ub2e4. \ub530\ub77c\uc11c \uc774\ub7ec\ud55c \uc774\ubca4\ud2b8\ub294 \uc2dc\uc7a5 \uc804\ubc18\uc5d0 \ub300\ud55c \ube44\uad00\ub860\uc73c\ub85c \uc9c1\uacb0\ub418\uae30\ubcf4\ub2e4\ub294, \ub2e8\uae30 \uc720\ub3d9\uc131 \ud761\uc218 \uc694\uc778\uc73c\ub85c \ud574\uc11d\ud558\ub294 \uac83\uc774 \ud0c0\ub2f9\ud558\ub2e4\ub294 \uc785\uc7a5\uc774\ub2e4.<\/p>\n<p>\uad81\uadf9\uc801\uc73c\ub85c \uc5ec\ub984\ucca0 \uc2dc\uc7a5 \ubc29\ud5a5\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\ud45c \uc790\uccb4\ubcf4\ub2e4 \uc911\uc559\uc740\ud589 \uc815\ucc45 \uae30\ub300\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub420 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. 5\uc6d4 CPI\ub294 \ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158\uc774 2.9%\ub85c \ub454\ud654\ub410\uc9c0\ub9cc, \ucf54\uc5b4 \uc11c\ube44\uc2a4 \ubb3c\uac00\uc758 \ub048\uc801\uc784\uc774 \uc9c0\uc18d\ub418\uba74\uc11c \uc5f0\uc900 \uc815\ucc45\uc758 \ubd88\ud655\uc2e4\uc131\uc774 \ub0a8\uc544 \uc788\ub2e4. \ud5a5\ud6c4 \uc218\uc8fc\uac04 \uac00\uc7a5 \uc218\uc775\uc131\uc774 \ub192\uc740 \ud30c\uc0dd \uc804\ub7b5\uc740 \ud575\uc2ec \uacbd\uc81c\uc9c0\ud45c \ubc1c\ud45c\uc640 \uc5f0\uc900 \ucee4\ubba4\ub2c8\ucf00\uc774\uc158\uc5d0 \ub530\ub978 \ubcc0\ub3d9\uc131\uc5d0 \ub9de\ucd98 \uad6c\uc870\uac00 \ub420 \uac83\uc774\ub77c\ub294 \ud310\ub2e8\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ud604\uae08\uc774 \uba3c\uc800 \uc6c0\uc9c1\uc778\ub2e4.\u201d BNY \uc0c8\ube44\uc9c0\ub294 \uae30\uad00 \ud604\uae08\uc774 \uace0\uc810\uc5d0\uc11c \uac10\uc18c\ud558\uba70 \uc804\ud658\uc810 \uc2e0\ud638\uac00 \ubd80\uac01\ub41c\ub2e4\uace0 \uc9c4\ub2e8. \uace0\ud3c9\uac00\u00b7IPO \uc720\ub3d9\uc131 \ud761\uc218 \uc18d, \ud558\ubc18\uae30 \ub9ac\uc2a4\ud06c\ub294 \uc778\ud50c\ub808\ubcf4\ub2e4 \uc5f0\uc900 \uae30\ub300\uac00 \uc88c\uc6b0.<\/p>\n","protected":false},"author":87,"featured_media":47715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49735","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49735","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=49735"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/49735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/47715"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=49735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=49735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=49735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}