Hanwha Asset Management Launches 'PLUS Gukgongchae Money Market Active,' Korea's Only Government Bond Money Market ETF

Hanwha Asset Management announced on the 10th that it has newly listed two types of ETFs on the KOSPI: the ‘PLUS Gukgongchae Money Market Active ETF’ and the ‘PLUS 200TR ETF’.

The ‘PLUS Gukgongchae Money Market Active’ is a parking-type exchange-traded fund (ETF) that primarily invests in government and public bonds with no credit risk.

It mainly invests in ultra-short-term government bonds, monetary stabilization bonds, and bonds with a credit rating of AAA or higher, all with maturities within six months, which are less affected by interest rate fluctuations and have abundant liquidity, making it an optimized product for short-term fund management.

As of September 9, the yield to maturity is approximately 3.5% per annum, and it uses the 'KAP Gukgongchae MMF Index (Total Return)' as its benchmark index.

Geum Jeongseop, Head of the ETF Business Division at Hanwha Asset Management, stated, “In the corporate MMF market, the proportion of government bond MMFs is about 66%, reflecting strong demand from institutional clients seeking to minimize credit risk while managing short-term funds. By listing the Gukgongchae Money Market ETF, we aim to target the demand of corporate clients.”

Meanwhile, the ‘PLUS 200TR’ ETF, which was simultaneously listed on the same day, tracks the TR (Total Return) index of KOSPI 200, Korea’s representative index. It diversifies investments across 200 leading Korean companies. A key feature is the automatic reinvestment of dividends to maximize the compound interest effect. The total expense ratio is 0.01%, the lowest among 200TR ETFs listed domestically as of the listing date.