NH Investment & Securities, Two New Silver Futures ETNs Listed

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 13th that it will newly list two silver futures Exchange Traded Notes (ETNs) that track the rate of change of silver futures listed on COMEX (Commodity Exchange). The ‘QV Leverage Silver Futures ETN(H)’ tracks +2 times the daily rate of change of silver futures listed on COMEX, while the ‘QV Inverse Leverage Silver Futures ETN(H)’ tracks -2 times.

Both products are currency-hedged, so profits and losses are linked only to the fluctuations of the underlying index, and additional gains or losses due to KRW/USD exchange rate fluctuations do not need to be considered. The issuance quantity is 1 million shares, the issuance scale is 20 billion KRW, and the issuance price is 20,000 KRW, which is the same for both products.

The total fee is 0.77% per annum, which is prorated daily and reflected in the final indicative value (IV). The maturity is 5 years, with a maturity date of September 8, 2026, and the final trading day is September 4, 2026. The maturity redemption payment will be made on September 10, 2026, based on the final indicative value (IV) on the final trading day.

Rollover is conducted daily from the 5th to the 9th business day of the maturity month of silver futures throughout the year, with 20% settled daily based on the settlement price.

An NH Investment & Securities official said, “We have launched silver futures leverage and inverse leverage products that allow investors to strongly invest in the rise and fall of silver prices according to their needs. Both products have the advantage of lower fees compared to existing ETN products investing in silver futures,” adding, “In the second half of the year, we plan to list various commodity products and ETNs investing in major domestic indices to meet investors’ demands.”

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