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Samsung Securities eyes Indian investment through ETNs
By Korea HeraldPublished : Aug. 15, 2016 - 16:32
Samsung Securities, the brokerage firm of Samsung Group, said that it listed three types of Samsung India Nifty50 Futures Exchange-Traded Notes on the stock market earlier this month to make it easy for customers to invest in India.
Introduced on Aug. 4, the financial derivatives are Korea’s first ETN investment in the Indian market, the securities house said.
Introduced on Aug. 4, the financial derivatives are Korea’s first ETN investment in the Indian market, the securities house said.
According to the brokerage, customers can set up an investment strategy without worrying about changes in both the exchange rate and the currency value of assets, as the three products were designed as currency hedge.
“Investment in India is easy as the products permit day trade and investment by won currency,” said an official at Samsung Securities.
The Korean brokerage has led the ETN market as it has issued 26 among a total of 113 listed ETNs.
By Kim Bo-gyung (lisakim425@heraldcorp.com)
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Articles by Korea Herald
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