Meritz Securities Lists 7 New 'Gold and Silver Futures ETNs'

Bloomberg Commodity Gold Futures & Silver Futures Basic Index ETN First Listed Domestically
Lowest Industry-Level Fees Among Commodity ETN Products

[Asia Economy Reporter Ji Yeon-jin] Meritz Securities (CEO Choi Hee-moon) announced on the 14th that it has launched the country's first exchange-traded notes (ETNs) tracking the Bloomberg Commodity Index (BCOM).

The newly listed ETNs include a total of seven products: ▲'Meritz Gold Futures ETN (H)' ▲'Meritz Leverage Gold Futures ETN (H)' ▲'Meritz Inverse 2X Gold Futures ETN (H)' ▲'Meritz Silver Futures ETN (H)' ▲'Meritz Inverse Silver Futures ETN (H)' ▲'Meritz Leverage Silver Futures ETN (H)' ▲'Meritz Inverse 2X Silver Futures ETN (H)'.

These products are based on the returns of gold and silver futures listed on the U.S. Commodity Exchange (COMEX), allowing investments ranging from -2x to +2x of the daily returns of gold and silver futures respectively. They can be traded without exchange rate fluctuation risk through currency hedging, and have a maturity of 5 years. The fees range from 0.40% to 0.60% annually, which is the lowest level in the industry among ETN products related to gold and silver futures.

Lee Jung-hoon, Head of Derivatives Division at Meritz Securities, explained, “We set the fees at the industry's lowest level to reduce the cost burden for investors making long-term investments in commodity ETNs, and we plan to strengthen our product lineup by launching various ETN products that can meet market investment demand in the future.”

Meanwhile, for individual investors who are not professional investors and are investing in leveraged exchange-traded products for the first time, one hour of prior education from the Korea Financial Investment Association and a minimum deposit of 10 million KRW are required.

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