NH-Amundi Asset Management Remodels HANARO Fn K-Food ETF

NH-Amundi Asset Management announced on June 23 that it has changed the underlying index methodology of the 'HANARO Fn K-Food ETF' to focus more closely on the growth trajectory of domestic food companies expanding their exports.

NH-Amundi Asset Management revised the methodology to concentrate on K-Food companies with strong export performance and global competitiveness. The number of constituent stocks was reduced from a maximum of 30 to 15, and the methodology was adjusted so that companies with a high export ratio now account for more than 70% of the constituents. This change allows investors to directly access the growth potential of leading K-Food export companies.

As of June 19, the main constituents include Samyang Foods (15.18%), CJ CheilJedang (14.92%), Nongshim (14.9%), Orion (14.53%), and Daesang (6.81%).

Domestic food companies are moving beyond the boundaries of the domestic market and are now active on the global stage. They are expanding exports to a diverse range of countries, including not only the United States and China, but also Australia, Europe, and India. In response to increasing overseas demand, these companies are expanding factories and investing in facilities to strengthen their export base.

Kim Seungcheol, Head of ETF Investment Division at NH-Amundi Asset Management, stated, "We changed the methodology of the HANARO K-Food ETF to focus on K-Food stocks that can continue to grow through exports," and added, "It will become an excellent product that more closely tracks the structural growth of the K-Food industry."