Hanwha Asset Management: Defense Industry ETF and Investment Strategies
Hanwha Asset Management is highlighting its investment in the defense industry amid the current neocold war landscape, showcasing the success of related ETFs. As of October 2023, the PLUS ETF has increased by 112% from the end of the previous year, surpassing 1 trillion won. This impressive performance is attributed to a new investment strategy focusing on the defense sector, artificial intelligence and advanced technologies, and digital assets.
In particular, the K-Defense ETF has achieved a significant return of 212.35%, drawing considerable attention from investors within the evolving global defense market. Head of marketing at Hanwha, Youngjin Choi, noted that the defense sector is poised for long-term growth, driven by the US-China rivalry and intensifying arms race. Consequently, Korea's defense firms are bolstering their bargaining power due to the bloc formation in global weapons systems markets and increasing demand, which could sustain high margins.
Beyond defense, sectors such as artificial intelligence and advanced technologies along with digital assets are emerging as key investment themes. These sectors are being propelled by rapidly advancing technological innovations and the swift growth of the digital economy, promising continuous investment opportunities.
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