“Invest in gold, silver and copper whether prices rise or fall” ... Samsung Securities lists six ETNs

[Financial News] Samsung Securities Co., Ltd. has introduced exchange-traded notes (ETNs) that allow investors to invest in both rising and falling prices of major commodities, including gold, silver and copper.
Samsung Securities Co., Ltd. said on the 9th that it had newly listed six ETNs that invest in gold, silver and copper futures prices.
The six products listed 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.
The products are based on the returns of gold, silver and copper futures listed on the COMEX. The regular products track the daily returns of the respective commodity futures at 1x, while the inverse products track them in the opposite direction at 1x.
All six products are exposed to foreign exchange movements, which are reflected in their returns. Their underlying indices use a total return (TR) approach, reflecting futures investment returns as well as interest income generated by cash holdings, among other things.
Annual expenses are 0.65% for the three regular products and 0.85% for the three inverse products.
A Samsung Securities Co., Ltd. representative said, “With the listing of these six ETNs, we have expanded our product lineup so investors can respond to both rising and falling prices of major commodities such as gold, silver and copper.” The representative added, “We plan to continue introducing products based on a range of underlying assets.”

[email protected] Seo Min-ji Reporter