NH Investment & Securities, 22 days QV smart rebalancing ETN IPO

[Korea goyounghun financial newspaper reporters] are listed on the Korea Exchange, the securities market 22 days coming 'QV smart rebalancing 260/4 ETN' issue to the NH Investment & Securities.

The ETN is a strategic product type to seek profits through portfolio adjustments whenever the index fluctuated within a narrow range setting to configure the index KOSPI 200 ETF basket that tracks the underlying asset. NH Investment & Securities IPO in April of the subsequent product 'QV smart rebalancing 250/3 ETN' 2015 focused on the rising trend of the KOSPI 200 Index. KOSPI 200 ETF tracking an average forward price of 20,000 has introduced a new range-bound basis of ~ 20 000 4000 20 000 8000 won range by 6000 won.

'Smart rebalancing "strategy is focused on stock market volatility, automatically run a split sale of the underlying assets in accordance with the variation of the index. City Index ETF is rising forward selling division, a reverse ETF is to maximize the revenue from the narrow range jangse by dividing the number of copies. Is the only product that the ETF as an underlying asset.

Rebalancing way to break through to the upper and lower cases (5 of each section) to the index of the average price index for each trigger event on the basis of the forward index ETF 5 (₩ 26,000), and adjust the portfolio. The first 20% cash, forward ETF 40%, after setting a specific gravity of a reverse ETF 40%, rebalancing in the next day when market adjustment, ETF investment is carried out with the same weighting. Wonbonaek expiration date is listed at 200 billion won in March 2020.

Securities Market Division Securities Products section goyoungjin team leader "has lost a number of days if the trigger index broke through the set range-bound in the revenue generated, but the top ₩ 28,000-bottom ₩ 24,000 'said' ETN issued securities Since the derivative-linked securities of companies with unsecured, unsecured credit risk characteristics should ensure the financial soundness of the investment-related information upon issuers' he said.

In considering the credit risk of the reporter 500 billion won, 100% capital ratio, limiting the issuer credit rating to AA- or higher. Index based on information provided to the issuer or through a home exchange for investment and improving convenience, and presents a real-time index values ​​indicating ETN market prices to follow the underlying index moves well into the investment index Reference.



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