Meritz Securities Launches New ETN Investing in CD Interest Rates

Meritz Securities (CEO Choi Hee-moon) announced on the 6th that it will list the "Meritz KIS CD Interest Rate Investment ETN," which allows investment in the 91-day CD interest rate.

The "Meritz KIS CD Interest Rate Investment ETN" is based on the KIS CD Interest Rate Investment Total Return Index calculated by KIS Asset Evaluation and tracks the performance of the 91-day CD (Certificate of Deposit) interest rate announced by the Korea Financial Investment Association. The index consists of 10 CD issues with remaining maturities between 60 and 120 days issued by domestic commercial banks and specialized banks. Since it tracks short-term interest rates with low price volatility, the total fee is also low at 0.03% per annum.

At the end of last year, Meritz Securities became the first in the domestic ETP (Exchange Traded Product) market to list a government bond ETN series that allows 3x leverage investment. It is the only listed product in the domestic market that offers 3x leverage investment. Meritz Securities was the first in the industry to complete a government bond ETN lineup that allows investment in desired directions by maturity from 3 years to 30 years. While these products focused on government bond investments with relatively long maturities, the newly listed CD Interest Rate Investment ETN tracks short-term interest rates of about three months, making it suitable for short-term fund management seeking stable interest income.

Meanwhile, Meritz Securities entered the Exchange Traded Note (ETN) market in 2021 and launched 62 ETNs by the end of last year, ranking first in the securities industry for product issuance for two consecutive years. The company is particularly focusing on market penetration through bond-type products that pursue stable returns. Among the 38 bond-type ETNs listed in the entire ETN market, 36 are listed by Meritz Securities, and the total indicative value of these products reached 500 billion KRW as of the closing price on April 5.

Detailed information such as the investment prospectus and underlying index prospectus for Meritz Securities ETNs can be found on the dedicated Meritz Securities ETN website. The company plans to continuously disclose trading and asset allocation strategies using bond-type ETNs through its official YouTube channel "Meritz On."

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