Meritz Securities and Mirae Asset Securities have launched new suites of copper Total Return ETNs in South Korea, tracking Solactive Copper Total Return Leverage Index Family. Copper remains an important industrial commodity, with demand supported by electrification, power infrastructure, renewable energy systems, electric vehicles, and data centers. At the same time, copper prices remain sensitive to global economic conditions and changing supply-demand dynamics, supporting the development of a range of index-based strategies linked to the commodity.
The Solactive Copper Leverage Index family is based on the Solactive Future Series 5-Day Roll Copper Excess Return USD Index. The relevant indices apply leverage factors of 1, 2, and −2 to the underlying copper futures strategy and incorporate a U.S. three-month interest rate in the Total Return calculation.
The Solactive Copper Leverage KRCD3M Index family follows the same underlying copper futures strategy and leverage framework, while incorporating KRCD3M as the interest rate in the Total Return calculation. The index families apply their respective leverage factors on a daily basis.
The ETNs listed on 23 October 2026 on the Korea Exchange.
| ETN | Index | Ticker |
|---|---|---|
| Meritz Solactive Copper Futures ETN(H) | Solactive Copper Total Return KRCD3M 1x Long Leverage | 610113.KS |
| Meritz Solactive 2X F-Copper ETN(H) | Solactive Copper Total Return KRCD3M 2x Long Leverage | 610114.KS |
| Meritz Solactive -2X F-Copper ETN(H) | Solactive Copper Total Return KRCD3M 2x Short Leverage | 610115.KS |
| MiraeAsset Copper Futures ETN | Solactive Copper Total Return 1x Long Leverage | 520107.KS |
| MiraeAsset Leverage Copper Futures ETN | Solactive Copper Total Return 2x Long Leverage | 520108.KS |
| Mirae Inverse 2X Copper Futures ETN | Solactive Copper Total Return 2x Short Leverage | 520109.KS |
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are pleased to support Meritz Securities and Mirae Asset Securities with the launch of these new copper ETNs. As copper continues to play an important role across electrification and global infrastructure, these index families provide a transparent, rules-based framework for different forms of exposure to the copper futures market. This launch further reflects our commitment to working closely with our clients in South Korea to develop index solutions tailored to their product needs.”
