Hanwha Asset Management's 'PLUS K Defense' ETF Surpasses 2.1 Trillion KRW in Net Assets
Hanwha Asset Management announced that its 'PLUS K Defense' ETF has reached a net asset value of 2.107 trillion KRW. This achievement comes just four months after surpassing the 1 trillion KRW mark in April. The ETF invests in leading domestic defense industry companies such as Hanwha Aerospace, Hyundai Rotem, and LIG Nex1. Year-to-date returns are reported at 48.3%.
The combined operating profit of four major domestic defense companies for Q2 has more than tripled year-on-year to 594.9 billion KRW. This surge is mainly attributed to increased weapon demand following the Russia-Ukraine war and export results of K9 self-propelled howitzers and K2 tanks. The trend of rising defense budgets among major global nations is expected to continue, further boosting performance in the latter half of the year.
The 'PLUS K Defense' ETF’s potential for long-term growth is enhanced by upcoming global events such as the U.S. Presidential election in November. With a return of 90.8% since its listing, the ETF presents an attractive option for long-term investors. The ETF is likely to stimulate further demand for investments in domestic defense industries.
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“Double in 4 months”···Defense-focused ETF surpasses 200 billion KRW - Financial News[Financial News] An exchange-traded fund (ETF) that focuses on investing in key domestic defense industry companies has surpassed 200 billion KRW in net asset value. According to the Korea Exchange on the 16th, the net asset value of ‘PLUS K Defense’ (as of the 13th) has been estimated at 210.7 billion KRW. This achievement was made in just over 4 months after surpassing 100 billion KRW in April. In particular, 49.3 billion KRW flowed in after the ETF brand changed to 'PLUS' on the 23rd of last month. Major investment items...
Hanwha Asset Management, 'PLUS K-Defense' ETF Net Assets Surpass 200 Billion KRW - Yonhap News(Seoul=Yonhap News) Reporter Kwak Yoon-a = Hanwha Asset Management announced that the net assets of the 'PLUS K-Defense' Exchange-Traded Fund (ETF) recorded 210.7 billion KRW as of the 13th...