Zug (October 1, 2021) – Qontigo has licensed four Vietnam-focused indices to Korea Investment & Securities as underlyings for Exchange Traded Notes. The indices include:
- iSTOXX Vietnam Futures Roll KR
- iSTOXX Vietnam Futures Roll Daily Short KR
- iSTOXX Vietnam Futures Roll Daily Leverage 2 KR
- iSTOXX Vietnam Futures Roll Daily Short 2 KR
The iSTOXX Vietnam Futures Roll KR Index replicates the return of a portfolio rolling an index futures contract on the Vietnamese VN30 index into the next nearby contract over the period of 3 days. In addition, the return of a risk-free component is included. The other three indices are leveraged and inverse versions of the iSTOXX Vietnam Futres Roll KR index.
“Retail investors in Korea have been very interested in investing in the Vietnamese capital market. Though high level of interests, the selection of investment vehicles was very limited. We are pleased to successfully launch a 4-way ETN, 1x/-1x, 2x/-2x tracking VN30 futures in collaboration with Qontigo and KIS TRUE ETN. Furthermore, this commemorates the first launch of inversely tracking Vietnam Futures products in the Korean Market. We hope that these will become the most competitive products for Korean retail investors to invest in Vietnam.”Yeseul Shin, Derivatives Trading, Korea Investment & Securities
“We are very happy to be able to further develop our business relationship in this way with Korea Investments & Securities, and to increase our footprint in the region. The iSTOXX Vietnam Futres roll KR was a joint effort to build rules-based and transparent indices, which are well-suited as underlyings for ETNs. In terms of timing, the Vietnam theme seems very appealing, because in 2021, Vietnam has been one of the top-performing markets in Asia-Pacific.”Rick Chau, Head of APAC for Qontigo