Daishin Securities Launches Two ETNs for Aluminum and Wheat Futures

Daily Returns 1x Tracking of Aluminum and Wheat Futures Listed on LME and CME
Products Allowing Easy Investment in Commodities Like Aluminum and Wheat for General Investors

[Asia Economy Reporter Song Hwajeong] Daishin Securities announced on the 8th that it will newly list two types of exchange-traded notes (ETNs) that allow domestic investors to easily invest in aluminum and wheat: ‘Daishin Aluminum Futures ETN(H)’ and ‘Daishin Wheat Futures ETN(H).’

These products are ETNs launched reflecting expectations of rising industrial metal values due to economic recovery in major global countries, as well as expectations of rising agricultural product prices due to climate change and inflation.

Daishin Aluminum Futures ETN(H) and Daishin Wheat Futures ETN(H) each track 1x the daily returns of aluminum futures listed on the London Metal Exchange (LME Aluminum futures) and wheat futures listed on the Chicago Mercantile Exchange (CME Wheat futures), respectively.

These products are currency-hedged, so exchange rate fluctuations do not affect returns. The maturity is 5 years, and an annual fee of 1.1% applies. For inquiries related to the products, customers can contact the Daishin Securities Customer Satisfaction Center.

Choi Dae-kyung, Head of Asset Management at Daishin Securities, said, “During the global economic recovery phase, aluminum and wheat prices tend to show strong upward trends,” adding, “Daishin Securities’ aluminum and wheat ETN products will provide investors with easier and more convenient alternative investment opportunities in commodities.”