The Seoul-based issuer plans to list four ETNs on 10-year Japanese government bonds, including leveraged and inverse products, on the Korea Exchange at the end of the month.

Meritz Securities is gearing up for the first batch of exchange-traded notes (ETNs) tracking Japanese government bonds (JGBs) listed on the Korea Exchange, as the issuer looks to capitalise on the drop in bond prices triggered by the country’s shifting monetary policy via the new offerings. Historically, shorting Japanese government bonds has been a losing trade for global hedge funds -  Minam Cho The first four products will comprise one ETN on the 10-year JGB, one on the three t