Mirae Asset 0.5X KOSPI 200 Futures ETN (520070.KQ) Price
Mirae Asset 0.5X KOSPI 200 Futures ETN Price
Underlying
Mirae Asset 0.5X KOSPI 200 Futures ETN provides 5X daily exposure to KOSPI.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 5X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 5X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
Mirae Asset 0.5X KOSPI 200 Futures ETN List of Holdings
Frequently asked questions about Mirae Asset 0.5X KOSPI 200 Futures ETN
Mirae Asset 0.5X KOSPI 200 Futures ETN is offered by Mirae Asset, a leading player in the field of passive investments.
The ISIN of Mirae Asset 0.5X KOSPI 200 Futures ETN is KRG520000701.
Mirae Asset 0.5X KOSPI 200 Futures ETN aims to deliver 5 times the daily return of KOSPI (long). The leverage resets each trading day, so multi-day returns can differ materially from 5X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Mirae Asset 0.5X KOSPI 200 Futures ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 5X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like Mirae Asset 0.5X KOSPI 200 Futures ETN are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
Mirae Asset 0.5X KOSPI 200 Futures ETN provides 5X daily long exposure to KOSPI. When KOSPI moves +1% in a day, Mirae Asset 0.5X KOSPI 200 Futures ETN targets approximately 5% (before fees).
European investors may incur additional costs for currency exchange and transaction fees.
No, Mirae Asset 0.5X KOSPI 200 Futures ETN does not comply with the EU UCITS investor protection directives.
Mirae Asset 0.5X KOSPI 200 Futures ETN tracks the performance of the KOSPI 200 Futures TWAP Inverse Index - KRW - Benchmark TR Gross.
Mirae Asset 0.5X KOSPI 200 Futures ETN is domiciled in KR.
The fund was launched on 12/15/2023.
The Mirae Asset 0.5X KOSPI 200 Futures ETN mainly invests in Total Market companies.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
Mirae Asset 0.5X KOSPI 200 Futures ETN