ETF Market Performance in H1 2023 and New Listings Announcement
The first half of 2023 witnessed remarkable performance in the ETF market, with particularly notable returns achieved by ETFs related to the Korean defense sector. The PLUS K Defense ETF topped the list with a 171.50% return, followed closely by TIGER K Defense & Space and PLUS Hanwha Group, which also performed exceptionally well. Experts forecast the continuation of defense policy momentum into the latter half of the year, maintaining a positive outlook for ETF purchases. They emphasize that defense, AI, and high-dividend themes remain key areas of interest for investors.
In a separate development, the Korea Exchange is set to list four new ETFs from Mirae Asset Management, Korea Investment Trust Management, and NH-Amundi Asset Management on the stock market. NH-Amundi's 'HANARO Europe Defense' targets European defense companies, while Korea Investment's 'ACE China AI Big Tech TOP2 + Active' focuses on Chinese AI big tech firms. Mirae Asset's 'TIGER REIT Real Estate Infrastructure TOP10 Active' strategy invests in domestic REIT companies. These new listings are eagerly anticipated for their potential impact on market dynamics.
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