Samsung Securities Launches Four ETNs Tracking KOSPI 200 and KOSDAQ 150 Indices
[Asia Economy Reporter Park Ji-hwan] Samsung Securities announced on the 22nd that it has newly launched four ETNs tracking the KOSPI 200 and KOSDAQ 150 indices.
The four newly listed ETNs are ‘Samsung KOSPI 200 ETN’ and ‘Samsung KOSDAQ 150 ETN,’ which track their respective benchmark indices in the forward direction, and ‘Samsung Inverse KOSPI 200 Futures ETN’ and ‘Samsung Inverse KOSDAQ 150 Futures ETN,’ which track the futures indices in the inverse direction.
A Samsung Securities official explained, "The ‘Samsung KOSPI 200 ETN’ and ‘Samsung KOSDAQ 150 ETN’ track the spot prices of their respective benchmark indices, and with zero fees or management expenses for ETN holders, there is no burden for long-term investment."
The two ETNs that track the KOSPI 200 and KOSDAQ 150 futures indices inversely, ‘Samsung Inverse KOSPI 200 Futures ETN’ and ‘Samsung Inverse KOSDAQ 150 Futures ETN,’ apply an annual fee of 0.5%.
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The four newly issued ETNs can be traded until September 11, 2031.
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