NH Investment & Securities, New Listing of Global Asset Allocation ETN
[Asia Economy Reporter Kum Boryeong] NH Investment & Securities has newly listed a global asset allocation type Exchange Traded Note (ETN).
NH Investment & Securities announced that it will newly list the 'QV iSelect Global EMP ETN(H)', which tracks the performance of the QV Global Portfolio, on the 15th. The QV Global Portfolio is a self-developed asset allocation portfolio.
The QV Global ETN benchmarks the iSelect QV Global EMP TR Index, which is calculated by NH Investment & Securities. The QV EMP is an index designed to track the performance of NH Investment & Securities' QV Global Portfolio, established on September 21, and consists of Exchange Traded Funds (ETFs) related to overseas stocks, bonds, and commodities.
The QV Global Portfolio, which serves as the underlying asset of the listed ETN, diversifies investments in U.S. ETFs. Among the stocks selected by NH Investment & Securities' ETF scoring model, U.S.-listed ETFs with verified liquidity are included in the portfolio. The included stocks are rebalanced monthly through the Asset Allocation Strategy Committee. If market volatility is judged to increase, the Index Committee convenes as needed to adjust the portfolio.
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This ETN is a currency-hedged product that is not affected by exchange rate fluctuations. The total issuance volume is 2 million shares, and the total fee is 1.5% per annum, which is reflected daily on a pro-rata basis in the final indicative value (IV).
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