NH Investment & Securities Lists Two New Copper Futures ETNs

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced that it will newly list two types of copper futures Exchange Traded Notes (ETNs) that track the rate of change of copper futures listed on COMEX (Commodity Exchange) on the 9th. The ‘QV Leverage Copper Futures ETN(H)’ tracks +2 times the daily rate of change of copper futures listed on COMEX, while the ‘QV Inverse Leverage Copper Futures ETN(H)’ tracks -2 times.

Both products are currency-hedged, so profits and losses are linked only to the changes in the underlying index, and additional profits or losses due to fluctuations in the KRW-USD exchange rate 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 year and is prorated daily based on the final indicative value (IV). The maturity is 5 years, with the maturity date on October 28, 2026, and the final trading day on October 26, 2026. The maturity redemption payment will be made on October 30, 2026, based on the final indicative value (IV) of the final trading day.

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

An NH Investment & Securities official stated, “We have launched copper futures leverage and inverse leverage products that actively respond to both rises and falls in copper prices according to investors’ needs. Both products have the advantage of lower fees compared to existing ETN products investing in copper futures,” and added, “We plan to hold events for customers investing in QV ETN products at the end of the year.”

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