PLUS Hanwha Group Stocks ETF Surpasses 180 Billion KRW in Net Assets... 152% Return This Year

The total net asset value of the 'PLUS Hanwha Group Stocks' exchange-traded fund (ETF) has surpassed 180 billion KRW. This increase is attributed to the recent rise in the stock prices of major Hanwha Group affiliates, which has been driven by strong performance, leading to increased capital inflows into the ETF.

Hanwha Asset Management announced on the 4th that the total net asset value of the PLUS Hanwha Group Stocks ETF has reached 182.4 billion KRW. This achievement comes just seven months after its launch on December 23 of last year.

The ETF has also shown remarkable results in terms of returns. The three-month return for PLUS Hanwha Group Stocks stands at 33.69%, while the one-month return is 14.77%. Since the beginning of the year, the return has reached 151.57%, ranking third among domestic equity ETFs listed in Korea.

In the securities industry, there is an assessment that Hanwha Group stocks have entered a phase of structural growth, moving beyond being merely short-term theme stocks. This evaluation is based on a series of target price increases by securities firms, as well as large-scale purchases by institutional investors and pension funds. Yuanta Securities raised its target price for Hanwha Corporation to 122,000 KRW, highlighting the acceleration of group-wide growth. Korea Investment & Securities set its target price for Hanwha Aerospace at 1.3 million KRW. Hanwha Systems also saw its target price raised to 68,000 KRW.

Recently, institutional investors and pension funds have been net buyers on a large scale of affiliate stocks such as Hanwha Solutions, Hanwha Ocean, and Hanwha Vision. This has served as a positive signal for ETF inflows.

Choi Youngjin, Chief Marketing Officer (CMO) of Hanwha Asset Management, stated, "Hanwha Group stocks are now being re-evaluated as growth stocks based on performance, rather than as theme stocks." He added, "They are attracting attention as an indirect investment route into Korea's strategic industries, centered on defense and energy." He continued, "Approaching through an ETF format allows investors to participate in the group's overall structural growth while reducing short-term stock price volatility."