KODEX 'US NASDAQ100 Leverage·Inverse ETF' Listing

[Asia Economy Reporter Junho Hwang] Samsung Asset Management announced on the 9th that it will list the 'KODEX US Nasdaq 100 Leverage (Synthetic H) ETF,' which tracks the US Nasdaq 100 Index at 2x leverage for the first time in Korea, and the 'KODEX US Nasdaq 100 Futures Inverse (H) ETF,' which tracks -1x of the daily return.

The Nasdaq 100 (NASDAQ 100) Index is a stock index composed of 100 large-cap, highly traded non-financial companies listed on Nasdaq. Major companies include Microsoft, Apple, Amazon, and Tesla.

The KODEX US Nasdaq 100 Leverage (Synthetic H) ETF and KODEX US Nasdaq 100 Inverse (H) ETF can be traded during the Korean stock market's daytime trading hours. They also offer stable bid quotes from liquidity providers (LPs). Investors can invest in the US market without currency exchange to US dollars, and the total expense ratio of both products is 0.3% per year, which is about one-third of similar products listed in the US market.

Kim Sunhwa, head of ETF Operations Team 2 at Samsung Asset Management, said, "We created an ETF with the same structure as the Korean version of QLD (ProShares Ultra QQQ ETF) at the request of investors," adding, "Compared to QLD, the convenience of trading during Korean market hours, lower fees, and cost considerations such as currency exchange and transaction fees make KODEX ETFs competitive."