KB Securities said on the 5th that it will newly list four exchange-traded notes (ETNs) on the 6th based on silver futures prices on the New York Commodity Exchange (COMEX). The products are "KB Silver Futures ETN," "KB Leveraged Silver Futures ETN," "KB Inverse Silver Futures ETN," and "KB Inverse 2X Silver Futures ETN."
The four KB silver futures ETNs track the daily return of international silver futures prices. Investors can choose products suited to market conditions, including +1x, -1x, +2x, and -2x. All four are currency-unhedged structures and may have returns affected by movements in the won-dollar exchange rate.
As for product maturity, the KB Inverse 2X Silver Futures ETN has a three-year term and can be traded until Feb. 21, 2029. The other three have five-year maturities and can be traded until Feb. 24, 2031.
Fees vary by product structure. The KB Silver Futures ETN and KB Inverse Silver Futures ETN carry an annual fee of 0.60%, while the KB Leveraged Silver Futures ETN and KB Inverse 2X Silver Futures ETN carry an annual fee of 0.80%.
Kim Byung-gu, head of passive sales at KB Securities, said, "Silver is a safe haven asset and at the same time an industrial metal, giving it dual investment appeal," and added, "We will continue to expand related products so investors can conveniently access the global commodities market and respond to various market environments."