Mirae Asset Securities Lists New "Mirae Asset CD Rate Plus" ETN

Mirae Asset Securities announced on December 2 that it will newly list the "Mirae Asset CD Rate Plus Exchange-Traded Note (ETN)," which is based on the 91-day CD rate plus 0.1% as its underlying asset.

This ETN is a product that targets the 91-day CD rate, a representative rate in the short-term money market, as its yield to maturity (YTM). It is structured so that investors can earn interest income equivalent to the CD rate in addition to their principal, offering the potential for relatively stable returns.

Additionally, if the underlying CD rate remains within the range of 1.0% to 4.0% per annum, investors can expect additional returns (an annual 10 basis points, with cumulative returns paid by reinvesting daily yields), which differentiates it from similar existing products.

This product uses the Total Return Index (TR) method, reinvesting all distributions to reflect them in the index value. Thanks to the additional interest and daily reinvestment effect without monthly distributions, it offers more competitive rates compared to exchange-traded products (ETPs) that only track the minimum 91-day CD rate.

A representative from Mirae Asset Securities said, "This ETN is suitable for investors looking to increase their cash allocation in the short term amid growing uncertainties in domestic and global stock markets," adding, "A key investment point is that it pursues additional returns with a single underlying asset-the CD rate-rather than complex conditions or multiple assets."

The Mirae Asset CD Rate Plus ETN can be traded like ordinary stocks after its listing date.

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