Samsung Securities Lists Six New Gold, Silver and Copper Futures ETNs

Samsung Securities said it has newly listed six exchange-traded notes (ETNs) that allow investors to invest in the prices of futures for major commodities, including gold, silver and copper.

The six newly listed products are the Samsung Gold Futures ETN, Samsung Inverse Gold Futures ETN, Samsung Silver Futures ETN, Samsung Inverse Silver Futures ETN, Samsung Copper Futures ETN and Samsung Inverse Copper Futures ETN.

Each ETN is based on the returns of gold, silver or copper futures listed on the Commodity Exchange (COMEX) in New York.

Considering that price fluctuations across the commodity market have become more frequent and volatility has increased amid recent changes in global interest rate policies, economic trends and industrial demand outlooks, Samsung Securities is launching a lineup of 1x long and inverse 1x short products at the same time, allowing investors to respond strategically in both rising and falling markets.

The long products track the daily returns of the relevant commodity futures at 1x, while the inverse products track them at -1x. The underlying indices also use a total return approach, reflecting both returns from futures investments and interest income earned on cash holdings.

Annual fees and expenses are 0.65% for the Samsung Gold Futures ETN, Samsung Silver Futures ETN and Samsung Copper Futures ETN, and 0.85% for the Samsung Inverse Gold Futures ETN, Samsung Inverse Silver Futures ETN and Samsung Inverse Copper Futures ETN.

A Samsung Securities representative said, "With the listing of these six ETNs, we have expanded our product lineup to help investors respond to price increases and declines in major commodities, including gold, silver and copper. We plan to continue introducing products based on a variety of underlying assets."

This content was produced with the assistance of AI translation services.