NH Investment & Securities Lists Two New Gold Futures ETNs

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 5th that it will newly list two types of gold futures Exchange Traded Notes (ETNs) that track the volatility of gold futures listed on COMEX (Commodity Exchange). The ‘QV Leverage Gold Futures ETN(H)’ tracks +2 times the daily volatility of gold futures listed on COMEX, while the ‘QV Inverse Leverage Gold Futures ETN(H)’ tracks -2 times.

Both products are currency-hedged, so profits and losses are linked only to the fluctuations of the underlying index, and additional gains or losses due to KRW/USD exchange rate fluctuations do not need to be considered. The issuance quantity is 1 million shares, the issuance scale is 20 billion KRW, and the issuance price is 20,000 KRW, which is the same for both products.

The total fee is 0.77% per annum and is prorated daily based on the final indicative value (IV). The maturity is 5 years, with the maturity date on July 24, 2026, and the final trading day on July 22, 2026. The maturity redemption amount will be paid on July 28, 2026, based on the final indicative value (IV) on the final trading day.

Rollovers are conducted every year from the 5th to the 9th business day of the expiration months of gold futures (January, March, May, July, September, November), with 20% settled daily based on the settlement price.

An NH Investment & Securities official stated, “We have launched gold futures leverage and inverse leverage products that allow investors to strongly invest in both rising and falling gold prices according to their needs. Both products have the advantage of lower fees compared to existing ETN products investing in gold futures,” and added, “In the second half of the year, we plan to list various commodity products and ETNs investing in major domestic indices to meet investors’ demands.”