Growth in Korea's ETF Market and Achievements of FnGuide and Hana Asset Management
Korea's Exchange Traded Fund (ETF) market is experiencing rapid growth, prompting significant changes in the index industry. FnGuide has surpassed a net asset value of 31 trillion won, accounting for 11% of the entire market. Its operating profit for the third quarter increased by 36.19% year-on-year, amounting to 2.69 billion won. This achievement is attributed to the company's focus on reflecting the actual business contribution of companies in its thematic index design and leveraging AI for thematic exploration.
Moreover, Hana Asset Management has shown remarkable growth following its separation from UBS. Under the leadership of CEO Kim Tae-Woo, net assets of ETFs surged by sixfold to reach 2 trillion won within two years. The '1Q Money Market Active ETF' exceeded the 1 trillion won benchmark in just 13 months post-launch, and the '1Q US S&P 500 ETF', known for its industry-low fees, reached 50 billion won within three months. Its newly launched bond hybrid ETFs are also attracting significant investor interest, underpinning Hana's robust growth. Additionally, Hana Asset Management is solidifying its unique market position with thematic ETFs like '1Q US Medical AI', '1Q Xiaomi Value Chain', and '1Q K-Sovereign ETF'.
Related ETF
Related News
Hana Asset Management Grows ETF Net Assets Sixfold in Two Years - Financial NewsHana Asset Management has shown rapid growth, with its exchange-traded fund's net assets increasing sixfold two years after CEO Kim Tae-woo took office, following the breakup with UBS. The flagship product, '1Q Money Market Active ETF,' surpassed 1 trillion won in net assets just 13 months after listing, and the '1Q US S&P 500 ETF' is at the industry's lowest level...
Related ETF
300 Trillion Won ETF Era, Discovering New Theme Candidates with AISecurities > Domestic stock market news: As the domestic Exchange-Traded Fund (ETF) market is on the verge of surpassing 300 trillion won and is rapidly growing, the index industry that designs and supplies them is also entering a period of upheaval...