Samsung Securities Launches Four ETNs Tracking Hong Kong H-Index
[Asia Economy Reporter Park Jihwan] Samsung Securities announced on the 9th that it has newly launched four types of Exchange Traded Notes (ETNs) based on the Hong Kong H-Share Index (HSCEI).
The newly listed four ETNs are 'Samsung HSCEI ETN(H)', 'Samsung Inverse HSCEI ETN(H)', 'Samsung Leverage HSCEI ETN(H)', and 'Samsung Inverse 2X HSCEI ETN(H)'.
All are currency-hedged products, allowing investment without concerns about foreign exchange losses when the value of the Hong Kong dollar falls against the Korean won. These products track the daily returns of the Hong Kong H-Share Index at 1x, 2x, or negative 1x, negative 2x multiples.
They can be traded until March 20, 2024. As of the end of March, the top five weighted components of the Hong Kong H-Share Index are Tencent (9.4%), Construction Bank (8.6%), Ping An Insurance (6.7%), Xiaomi (5.1%), and Industrial and Commercial Bank (5.0%), in that order.
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Samsung Securities stated, "As demand for investing in Chinese stocks increases, this will be a good opportunity for investors who hesitate due to exchange rate volatility and limited information."
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