KB Securities Lists Four New Futures ETNs Tracking KOSPI 200 and KOSDAQ 150

[Asia Economy Reporter Minwoo Lee] KB Securities will newly list four exchange-traded notes (ETNs) that track the KOSPI200 index and the KOSDAQ150 index.

On the 20th, KB Securities announced that on the 21st, it will newly list 'KB KOSPI200 Futures ETN' and 'KB Inverse KOSPI200 Futures ETN,' which invest in KOSPI200 futures, as well as 'KB KOSDAQ150 Futures ETN' and 'KB Inverse KOSDAQ150 Futures ETN,' which invest in KOSDAQ150 futures.

'KB KOSPI200 Futures ETN' and 'KB Inverse KOSPI200 Futures ETN' respectively track 1x and -1x the daily rate of change of KOSPI200 futures. Similarly, 'KB KOSDAQ150 Futures ETN' and 'KB Inverse KOSDAQ150 Futures ETN' respectively track 1x and -1x the daily rate of change of KOSDAQ150 futures.

Since these four ETNs are based on futures, rollovers will be conducted every quarter before the futures expiration date. From 3 business days to 4 business days before the futures expiration dates in March, June, September, and December, 25% will be rolled over daily. The rollover will be conducted using the TWAP method.

All four products have a total annual fee of 0.10%, which is prorated daily and reflected in the final indicative value (IV). The maturity for all is 3 years, and trading is expected to be available until September 12, 2024, after listing. The issuance volume for each product is 700,000 shares, amounting to 7 billion KRW.

For detailed product information, refer to the investment prospectus on the KB Securities website or inquire at sales branches. Kim Hoyoung, Head of the Equity Division at KB Securities, stated, "We plan to continue launching related products tailored to customers' investment needs."