KB Securities brings leveraged FAANG product to Korean customer base

Rick Steves

This new ETN will allow Korean market participants to access key ‘FAANG’ stocks, such as Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet), through a single instrument.

KB Securities has selected Intercontinental Exchange’s NYSE FANG+® Daily 2x Leveraged Index (Interest Rate Adjusted Total Return) for its KB Leverage FANG Plus ETN(H) product.

The index delivers a daily return that is approximately twice that of the NYSE FANG+ Index (Total Return) with the application of an overnight interest rate to account for the leverage.

The NYSE FANG+ Index (TR) is an equal-dollar weighted index with the objective of tracking the performance of highly-traded growth stocks of technology and tech-enabled companies in the technology, media & communications and consumer discretionary sectors.

Bringing FAANG exposure to Korea

Magnus Cattan, Head of ICE Fixed Income & Data Services, Asia Pacific, said: “This new ETN will allow Korean market participants to access key ‘FAANG’ stocks, such as Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet), through a single instrument. We are pleased to have worked with one of Korea’s largest investment banks to launch the first ETN that tracks an ICE index in the country.”

Ho Young Kim, Head of Equity Trading at KB Securities, commented: “The KB Leverage FANG Plus ETN(H) will provide our investors access to some of the most recognizable companies in the world. We believe that this product offers Korean market participants a unique tool to capture the performance of U.S. listed technology and tech-enabled companies.”

KB Securities is a subsidiary of Korean investment banking giant KB Financial Group that provides investment products tailored to its local clients’ demands across various asset classes.

KB provides asset management services to retail customers as well as financing advisory and investment services to corporate customers. The KB Leverage FANG Plus ETN(H) began trading on April 19, 2022.

A recent webinar hosted by TraderEvolution explored the importance of FX and CFD brokers going truly multi asset by adopting exchange-traded products to their offering in an increasingly competitive industry.

The unique panel featured Roman Nalivayko from TraderEvolution Global, Richard Barden from CBOE, and Anthony Mulira from ICE Data Services.

Investors, either retail or professional or institutional, are getting more demanding as new products and asset classes come to the fore. With the rise of digital assets, zero commission trading, social trading, and fractional shares, the trading industry has developed new solutions to address the new trends.

Many FX and CFD brokers have already taken action in terms of adopting new products and features in order to retain their existing customer bases and attract new investors and traders.

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