Daishin Securities Launches Two Aluminum and Natural Gas Inverse ETNs
Daily Inverse (-1x) Tracking of Natural Gas and Aluminum Futures Listed on NYMEX and LME
[Asia Economy Reporter Song Hwajeong] Daishin Securities is launching two inverse exchange-traded notes (ETNs) for aluminum and natural gas.
On the 15th, Daishin Securities announced the new listing of 'Daishin Inverse Aluminum Futures ETN(H)' and 'Daishin Inverse Natural Gas Futures ETN(H),' inverse investment products that generate profits when aluminum and natural gas futures prices decline.
These products were launched reflecting the recent interest of domestic investors in commodity investments. By using these products, investors can employ various investment strategies depending on their commodity price outlook.
The Daishin Inverse Aluminum Futures ETN(H) tracks the daily rate of change of aluminum futures listed on the London Metal Exchange (LME) at -1x. The Daishin Inverse Natural Gas Futures ETN(H) tracks the daily rate of change of natural gas futures listed on the New York Mercantile Exchange (NYMEX) at -1x. Both products are inverse types, meaning the ETN price rises by the daily price decline rate of the underlying asset.
Both products have a maturity of 3 years. These products are currency-hedged, so exchange rate fluctuations do not affect returns. For inquiries related to ETN products, customers can contact the Daishin Securities Customer Satisfaction Center.
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Choi Dae-kyung, Head of Multi-Asset Management at Daishin Securities, said, “Over the past year, trading volume of commodity-related ETNs has exceeded 6 trillion won, reflecting growing interest in commodity investments,” adding, “These products will help establish diverse commodity investment strategies.”
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