ATLANTA, NEW YORK AND HONG KONG–(BUSINESS WIRE)–April 20, 2022–
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and 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) offers a daily return approximately twice that of the NYSE FANG+ (Total Return) Index with the application of an overnight interest rate for consider the leverage effect. The NYSE FANG+ Index (TR) is an equal dollar-weighted index designed to track the performance of highly traded growth stocks of technology and technology-focused companies in the technology, media and technology sectors. communications and consumer discretionary. The KB Leverage FANG Plus ETN(H) started 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 individuals as well as finance and investment advisory services to corporates. KB Securities is committed to providing investment products tailored to the demands of its clients in different asset classes.
“This new ETN will allow Korean market players to access key ‘FAANG’ stocks, such as Facebook (Meta Platforms), Apple, Amazon, Netflix and Google (Alphabet), via a single instrument,” said Magnus Cattan. , Head of ICE Fixed. Revenue and Data Services, Asia-Pacific. “We are delighted 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 with access to some of the world’s most recognized companies,” said Ho Young Kim, head of equity trading at KB Securities. “We believe this product provides Korean market participants with a unique tool to capture the performance of US-listed technology and technology companies.”
ICE’s global family of indices serves as the performance benchmark for $1.5 trillion in fund assets managed by investors around the world. For more information on ICE 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 provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operate exchanges, including the New York Stock Exchange, and clearinghouses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. At ICE Mortgage Technology, we are transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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Safe Harbor Statement Under the Private Securities Litigation 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 materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not Limit thereto, the risk factors in the Annual Report on Form 10-K for the fiscal 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 trademark of Netflix, Inc. Google® is a trademark of Google, Inc. Alphabet® is a trademark of Alphabet, Inc. Alibaba® is a 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 is affiliated with, endorsed 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 these entities in relation to the NYSE® FANG+® Index nor does it constitute an endorsement or sponsorship by any of these entities. NYSE® FANG+® Index or this press release.
SOURCE: Intercontinental Exchange
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CONTACT: ECI media contact:
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Mary Caroline O’Neal
KEYWORD: NEW YORK GEORGIA CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC
INDUSTRY KEYWORD: TECHNOLOGY FINANCE SECURITY BANKING PROFESSIONAL SERVICES NETWORKS SOFTWARE INTERNET DATA MANAGEMENT OTHER PROFESSIONAL SERVICES
SOURCE: Intercontinental Exchange
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PUBLISHED: 04/20/2022 19:30 / DISK: 04/20/2022 19:32