Samsung Securities announced on the 11th that it has listed two exchange-traded notes (ETNs) that track the volatility index (VIX) futures.

. /Courtesy of Samsung Securities

The ETNs listed this time are ▲Samsung S&P500 VIX S/T futures ETN B ▲Samsung Inverse 0.5X S&P500 VIX S/T futures ETN B. These products track the daily return of the Cboe Volatility Index (CBOE) VIX futures, respectively, with a direct 1x and an inverse 0.5x.

These products have the same underlying index as the 'Samsung S&P500 VIX S/T Futures ETN', which can be traded until the 6th of next month, and the 'Samsung Inverse 0.5X S&P500 VIX S/T Futures ETN', which can be traded until the 19th of next month.

The VIX is an indicator that can assess the investment sentiment of market participants, representing expectations of the volatility of S&P500 index options traded on the options exchange. The ETN that tracks the VIX futures index directly at 1x can expect profit in situations of increased market volatility. The ETN that tracks the VIX futures inversely at 0.5x can expect profit when market volatility lessens.

The ETNs being listed this time are currency-exposed products that can be exposed to the risk of fluctuations in the won-dollar exchange rate, and the ETN management fees are 1.20% annually for the 'Samsung S&P500 VIX S/T Futures ETN B' and 0.45% annually for the 'Samsung Inverse 0.5X S&P500 VIX S/T Futures ETN B'.

Unlike exchange-traded funds (ETFs) without maturity, the 'Samsung S&P500 VIX S/T Futures ETN B' issued by Samsung Securities this time is an ETN product with a maturity date of March 12, 2027. Transactions can be made until March 10, 2027.

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