KB Securities Selects ICE Index for KB Leverage FANG Plus ETN(H)
April 20 2022 - 6:30PM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of data, technology and market infrastructure, today
announced that KB Securities has selected the NYSE FANG+® Daily 2x
Leveraged Index (Interest Rate Adjusted Total Return) for its KB
Leverage FANG Plus ETN(H).
The NYSE FANG+ Daily 2x Leveraged Index (Interest Rate Adjusted
TR) 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. The KB
Leverage FANG Plus ETN(H) began trading on April 19, 2022.
KB Securities, a wholly owned subsidiary of KB Financial Group,
is a leading investment bank in Korea that provides asset
management services to retail customers as well as financing
advisory and investment services to corporate customers. KB
Securities is committed to providing investment products that are
tailored to their clients’ demands across various asset
classes.
“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,” said Magnus Cattan, Head of ICE Fixed Income &
Data Services, Asia Pacific. “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.”
“The KB Leverage FANG Plus ETN(H) will provide our investors
access to some of the most recognizable companies in the world,”
said Ho Young Kim, Head of Equity Trading at KB Securities. “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.”
ICE’s global family of indices serve as the performance
benchmark for $1.5 trillion in fund assets managed by investors
around the globe. For more information about ICE’s Indices, please
visit: https://www.theice.com/market-data/indices.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate exchanges,
including the New York Stock Exchange, and clearing houses that
help people invest, raise capital and manage risk across multiple
asset classes. Our comprehensive fixed income data services and
execution capabilities provide information, analytics and platforms
that help our customers capitalize on opportunities and operate
more efficiently. At ICE Mortgage Technology, we are transforming
and digitizing the U.S. residential mortgage process, from consumer
engagement through loan registration. Together, we transform,
streamline and automate industries to connect our customers to
opportunity.
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referred to in this press release are the property of their
respective trademark holders.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
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Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
Apple® is a registered trademark of Apple, Inc. Facebook® is a
registered trademark of Facebook, Inc. Meta™ is a trademark of
Facebook, Inc. Amazon® is a registered trademark of Amazon
Technologies, Inc. Netflix® is a registered trademark of Netflix,
Inc. Google® is a registered trademark of Google, Inc. Alphabet® is
a registered trademark of Alphabet, Inc. Alibaba® is a registered
trademark of Alibaba Group Holding Limited. Baidu® is a registered
trademark of Baidu, Inc. NVIDIA® is a registered trademark of
Nvidia Corporation. Tesla® is a registered trademark of Tesla, Inc.
Microsoft® is a registered trademark of Microsoft Corporation. None
of the foregoing entities are affiliated with, endorsed by, or
sponsored by Intercontinental Exchange, Inc. or any of its
subsidiaries or affiliates. The inclusion of entity names in this
press release does not evidence a relationship with any of those
entities in connection with the NYSE® FANG+® Index nor does it
constitute an endorsement or sponsorship by any of those entities
of the NYSE® FANG+® Index or this press release.
SOURCE: Intercontinental Exchange
ICE-CORP
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ICE Media Contact: Damon Leavell damon.leavell@ice.com
(212) 323-8587
media@ice.com
ICE Investor Contact: Mary Caroline O’Neal
marycaroline.oneal@ice.com (770) 738-2151
investors@ice.com
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