Exchange Lists New ‘Hana KRX BBIG K-New Deal ETN’

A message celebrating the KOSPI surpassing 3000 is displayed on the electronic board of the Korea Exchange in Yeouido, Seoul. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Lee Seon-ae] The Korea Exchange announced on the 1st that it plans to list the 'Hana KRX BBIG K-New Deal ETN' issued by Hana Financial Investment on the KOSPI market on the 2nd.

This product is an exchange-traded note (ETN) that tracks the ‘KRX BBIG K-New Deal Index’ in response to the increasing investment demand related to core technology industries (battery, bio, internet, game) after COVID-19.

The KRX BBIG K-New Deal Index consists of a total of 12 stocks, with 3 stocks from each relevant industry in the KOSPI and KOSDAQ markets. Each stock is selected based on market size, liquidity, and sales criteria, and the inclusion weight is calculated using an equal weighting method.

The current components include 12 stocks: Pearl Abyss, Samsung SDI, SK Innovation, LG Chem, Celltrion, Douzone Bizon, NCSoft, SK Biopharm, Samsung Biologics, Kakao, NAVER, and Netmarble.

The ETN maturity date is January 28, 2031, with an initial listing principal amount of 10 billion KRW and an annual fee of 0.80%.

Since ETNs are unsecured and uncollateralized derivative-linked securities subject to the credit risk of the issuing securities company, it is necessary to check the issuer’s financial soundness information when investing. To enhance investment convenience, basic index information is provided through the issuer’s or the exchange’s website.

The Exchange stated, "To allow investors to verify whether the ETN market price is properly tracking the underlying index movement, a real-time indicative value (iIV) is provided as an investment reference indicator, so investors should refer to this."

This content was produced with the assistance of AI translation services.