Search results for ETN
Finance
Mirae Asset Securities lists leveraged single-stock ETNs on Samsung Electronics, SK hynix
Mirae Asset Securities will newly list 2 leveraged single-stock exchange-traded notes (ETNs) that track twice the daily returns of Samsung Electronics and SK hynix, it said. The ETNs follow daily moves in the KRX Samsung Electronics TR Leverage Index and the KRX SK hynix TR Leverage Index calculated by Korea Exchange. Mirae Asset said the ETN structure can track index returns more precisely after expenses. It cautioned the products are high-risk.
Finance
Regulators warn of risks ahead of leveraged Samsung Electronics, SK Hynix products listing
South Korea\'s financial authorities urged caution ahead of the listing of single-stock leveraged exchange-traded funds and exchange-traded notes linked to Samsung Electronics and SK Hynix. They said the products can amplify gains and losses twofold with a small investment and may not suit investors with low risk tolerance or limited understanding of investment risks. Authorities highlighted concentration risk, potential for large losses, compounding effects and price-NAV gaps, and noted mandatory online education and deposit requirements for new investors.
Finance
Samsung Electronics, SK Hynix single-stock leveraged and inverse 18 products to list on May 27
The Korea Exchange will list 18 single-stock leveraged and inverse products based on Samsung Electronics and SK Hynix on May 27, it said on Thursday. The lineup comprises 16 exchange-traded funds and 2 exchange-traded notes. The planned listing size totals 43.2 trillion won, including 41.2 trillion won for ETFs and 200.0 billion won for ETNs. The products track twice daily returns, and the exchange warned of higher risks than general ETFs and ETNs.
