Hanwha Asset Management's ARIRANG ETF Surpasses 3 Trillion KRW in Net Asset Value

Hanwha Asset Management announced on the 8th that the total net assets of the ‘ARIRANG Exchange-Traded Fund (ETF)’ have surpassed 3 trillion KRW.

According to Hanwha Asset Management, as of the 6th of this month, the total net assets of the ‘ARIRANG ETF’ amounted to 3.0812 trillion KRW, representing an approximately 60% increase compared to the same period last year (1.9242 trillion KRW). The increase in total net assets over the past year was 1.157 trillion KRW.

Hanwha Asset Management carried out an ‘organizational restructuring’ last September by establishing a new division and placing a related headquarters under it. By organizing the Strategic Business Division to include ETF, pension, digital marketing, and new business departments, the company strengthened internal synergy, which is interpreted as contributing to the increase in the total net assets of the ETF.

Hanwha Asset Management has been leading the launch of strategic ETF products that invest in industries with future growth potential, such as ‘ARIRANG K-BangsanFn’, ‘ARIRANG Aerospace & UAM iSelect’, and ‘ARIRANG Japan Semiconductor Materials Solactive’, while focusing its marketing capabilities. These ETFs have shown rapid growth, with net asset inflows significantly increasing over the past month, resulting in total net assets rising by 7%, 172%, and 29% respectively compared to the end of 2023.

In particular, the total net assets of Hanwha Asset Management’s flagship ETF product, ‘ARIRANG High Dividend Stocks’, exceeded 323.5 billion KRW on the 6th. More than 100 billion KRW flowed in compared to the end of the previous year, and the stock price also rose by about 9%.

This is interpreted as reflecting the recent financial authorities’ active intention to boost the stock prices of undervalued domestic listed companies, such as through the announcement of the ‘Corporate Value-Up Program’. The ‘ARIRANG High Dividend Stocks’ ETF includes a high proportion of financial stocks classified as ‘low PBR (Price-to-Book Ratio)’ stocks.

Choi Young-jin, Head of the Strategic Business Division at Hanwha Asset Management, said, “We avoid indiscriminate ETF listings and prioritize enriching our customers’ futures by focusing on strategic ETFs that can deliver stable and consistent performance.” He added, “Going forward, we plan to provide products and solutions that are more careful and precise to fit the market environment, and we will strive to offer products that can generate long-term and stable returns for our customers.”

This content was produced with the assistance of AI translation services.