Mirae Asset Securities Relists Two "Silver Futures ETNs"

Mirae Asset Securities announced on August 28 that it will relist two types of leveraged exchange-traded notes (ETNs) and inverse leveraged ETNs linked to silver futures as underlying assets on the Korea Exchange.

Yonhap News

The two ETNs being relisted are based on silver futures traded on the New York Commodity Exchange (COMEX). The "Mirae Asset Leveraged Silver Futures ETN B" tracks twice the daily return of silver futures, while the "Mirae Asset Inverse 2X ETN B" is an inverse leveraged product that tracks -2 times the daily return of silver futures.

Unlike most silver-related ETNs currently traded in the market, which are designed as currency-hedged products (to reduce yield fluctuations caused by exchange rate changes), these two newly launched silver futures ETNs are structured as currency-exposed products. This allows investors to potentially benefit from foreign exchange gains if the value of the U.S. dollar rises.

A representative from Mirae Asset Securities stated, "Silver, which is considered a precious metal along with gold, is not only attractive in terms of price but is also increasingly used in various industrial materials, making it a commodity of great interest to investors. We will continue to do our best to launch a diverse range of ETN products that meet the needs of investors."

These products can be traded like ordinary stocks after the listing date, and inquiries regarding ETN trading and online transaction methods can be addressed through the Mirae Asset Securities customer center.

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