Korea Investment & Securities Launches European Carbon Emission Allowance and Copper ETNs

[Asia Economy Reporter Hwang Junho] Korea Investment & Securities, a subsidiary of Korea Financial Group, will list one exchange-traded note (ETN) investing in European carbon emission futures on the 8th and three ETNs investing in copper futures on the 9th.

The newly listed TRUE S&P European Carbon Emission Futures ETN (H) is an ETN linked to the daily returns of carbon emission futures. Carbon emission rights refer to the rights to emit six major greenhouse gases including carbon dioxide, and this ETN invests in European carbon emission futures listed on the European ICE Futures Exchange. The maturity is 5 years, the annual fee is 0.35%, and it is currency-hedged.

The TRUE Copper Futures ETN, TRUE Leverage Copper Futures ETN, and TRUE Inverse 2X Copper Futures ETN, which will be listed on the 9th, are ETNs linked to 1x, 2x, and -2x the daily returns of copper futures listed on the US COMEX Commodity Exchange, respectively. All have a maturity of 5 years, with annual fees of 0.65%, 0.75%, and 0.75%, respectively, and all are currency-exposed.

Korea Investment & Securities operates a total of 40 ETNs, including the above 4 items, 4 domestic ETNs, and 36 overseas ETNs. Related investment information can be found on Korea Investment & Securities' dedicated ETN website, 'TRUE ETN.'

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