This Time 'K-Food ETF'... NH Amundi Asset Management Established It

[Asia Economy Reporter Junho Hwang] NH-Amundi Asset Management announced on the 10th that it will list the 'HANARO Fn K-Food ETF,' which invests in the K-Food theme, on the 17th, expecting benefits from changes in consumer trends after COVID-19 and the increasing global demand for Korean food and beverages.

The food and beverage sector is currently booming. Due to COVID-19, with the rise of remote work and home dining, the market for convenience foods, which has explosively increased, is expected to experience sustained growth. Also, in the reopening phase, it is considered a representative beneficiary theme. In particular, the MZ generation, which has emerged as the leading consumer trend group, values 'emotional cost-effectiveness' and 'premium,' supporting growth as companies diversify their product portfolios with premium convenience foods and health functional foods.

This product tracks the 'FnGuide K-Food Index.' This index selects 30 stocks with high relevance to K-Food among KOSPI and KOSDAQ listed companies. As of the end of July, the index included stocks weighted 84% in food products and 16% in beverages. Orion (17%), CJ CheilJedang (16%), HiteJinro (9%), Nongshim (8%), and Dongseo (7%) are major investment stocks.

Gosung Chul, CIO of Equity Management at NH-Amundi Asset Management, said, "Korea's cultural power in the global market is extending from content to interest and consumption in food and beverages," adding, "The HANARO Fn K-Food ETF will be a good means to invest in the structurally growing K-Food theme."