Kiwoom Securities announced on the 3rd that it will newly list the 'Kiwoom KOSPI 200 Futures Dollar Exposure Exchange-Traded Note (ETN)' on the Korea Exchange's securities market.
This new product is structured to invest simultaneously in KOSPI 200 futures and U.S. dollar futures. It features exposure to both the representative domestic stock index futures and dollar futures.
While existing asset allocation products invested 60% of the investment amount in stocks and 40% in bonds, this product is structured to invest 100% in stocks and 100% in dollars simultaneously. It is notable for pursuing an aggressive asset allocation strategy.
The underlying index is the 'KOSPI 200 U.S. Dollar Futures Mixed Index' calculated by the Korea Exchange. Both KOSPI 200 and the won-dollar exchange rate fluctuations are reflected in the product value. Investors will benefit from simultaneous investment in the domestic stock market and the U.S. dollar market through this product.
Kiwoom Securities explained that long-term investment in this product may partially defend against declines in revenue when stock prices plummet due to rising dollar values, while conversely, declines in dollar values may reduce the gains when stock prices rise.
The total issuance amount of the ETN listed this time is 7 billion won. The maturity date is June 26, 2030. Liquidity provision will be handled directly by Kiwoom Securities, which plans to maintain a bid-ask spread of within 1%.
The total fee for the product is 0.35% annually. No separate distribution payments will be made, and the structure is designed for reinvestment within the underlying index.