Taiwan Index Plus and the Korea Exchange announced the listing of “Natixis Delta One ETN on Korea Taiwan IT Premier Index” in the Euronext. 2018/10/15 17:00
Taiwan Index Plus (TIP), the wholly owned subsidiary of the Taiwan Stock Exchange (TWSE), and the Korea Exchange (KRX), announced the listing of the “Natixis Delta One ETN on Korea Taiwan IT Premier Index” in the Euronext on Oct.15th, 2018.
The ITP index, jointly developed by TIP and KRX, has already had two ETFs cross-listed in TWSE and KRX on June 11th this year. This is the 3rd listed products for the ITP index, and the first time with product issued in the European market, making this index more compelling to investors interested in global leading IT companies from Taiwan and Korea. This ETN listing marks a significant milestone for TWSE/TIP and KRX aiming to bring mutual prosperity to the Taiwan and Korea capital markets.
The ETN is a 10-year certificate that tracks Korea/Taiwan IT Premier Net Total Return Index in US dollars, and it is issued by Natixis, the international corporate & investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking player in France.
The ETN listing ceremony is hosted by Euronext Paris, important participants including Régis LAVERGNE, Managing Director, Deputy Head of Equity Derivatives from Natixis; Nam Gi CHAE, Executive Director, Management Strategy Division of KRX; Ya-Mei CHANG, Vice President, Corporate Planning & Strategies Dept. of TWSE.
To become one of Asia’s representative benchmark indices, the ITP index is designed to combine the outstanding IT competitiveness of Korea and Taiwan as well as to capture the market advantages of Korea’s high capital gains along with Taiwan’s high dividend yield. The index selects constituents with a free float adjusted market cap of over USD 2.5 billion and those having already issued single stock futures in its market. This screening criteria provides sufficient tools for hedging and strategic trading, making it a representative benchmark for regional, sector or thematic products for index investing. With all the combined advantages of the ITP index, it brings greater cross-border opportunities for global investors. For more details about the index please go to https://taiwanindex.com.tw/indexes/KRTWITT
About Korea Exchange (KRX)
Korea Exchange (KRX) is the operator of Korea’s Securities and Derivatives Markets under the ‘Financial Investment Services and Capital Markets Act (FSCMA).’ KRX operates four Markets; KOSPI Market as a main board, KOSDAQ Market as a venue to small and medium sized enterprises, KONEX Market for start-up venture companies and Derivatives Market which boasts of the most liquid products in the World. Within its consolidated trading platform, KRX offers vast product line-up including equity shares, bonds, ETFs, ETNs, ELWs, Commodities, futures and options. For more information please visit our website at http://global.krx.co.kr/main/main.jsp
About Taiwan Index Plus Corporation (TIP)
Established in 2016, TIP is a professional index and information services provider and wholly-owned subsidiary of the TWSE. It is responsible for index development, maintenance, licensing, and marketing in both domestic and foreign markets. It aims to provide investors with high-quality, comprehensive indices and information services, satisfy growing investor appetite for indexing strategies, and create innovative products for Taiwan's capital market. Investors are welcome to visit the Taiwan Index Plus Co. official website for more detailed information at http://www.taiwanindex.com.tw.