Samsung Securities Newly Lists "Samsung Inverse 2X Silver Futures ETN"

Samsung Securities newly listed an Exchange Traded Note (ETN) on March 6 that provides double inverse daily returns of silver futures listed on the New York Commodities Exchange (COMEX).

According to Samsung Securities, the newly listed "Samsung Inverse 2X Silver Futures ETN" allows investors to seek profits when silver futures prices fall. The underlying index for this product is the "Solactive Silver Total Return 2x Short Leverage," which tracks twice the inverse of the daily returns of silver futures.

Recently, silver prices have shown increased volatility, repeatedly fluctuating due to various factors such as global interest rate policies and changes in the outlook for industrial demand. As a result, investor caution regarding market corrections is also growing.

This ETN is a currency-exposed product that reflects fluctuations in the dollar-won exchange rate, and the annual management fee (total expense ratio) is 0.75%. Unlike Exchange Traded Funds (ETFs) with no maturity date as long as the fund is not liquidated, this ETN has a maturity date set for February 23, 2029, and can be traded until February 21, 2029.

A representative from Samsung Securities stated, "This is an investment vehicle that enables strategic responses even during short-term corrections or downturns in silver prices, and it can serve as an alternative for investors seeking to employ various strategies."