Expansion and Outlook of Defense ETFs by Korean Asset Management Companies
Korean asset management firms are focusing on expanding defense Exchange-Traded Funds (ETFs), with currently nine defense ETFs available in the domestic market. Samsung Asset Management and NH Amundi Asset Management each introduced new ETFs investing in key domestic and European defense companies. They are also preparing leveraged ETFs. Given the rising stock prices of defense companies and government policies fostering strategic industries, the defense sector is expected to strengthen in the latter half of the year.
Defense stocks have demonstrated significant performance, with eight out of the top twenty stocks in Korea Composite Stock Price Index (KOSPI) being defense-related. As a result, domestic asset management companies are concentrating on the defense sector, offering a range of ETFs investing in both domestic and international companies.
Samsung Asset Management's Lee Dae-hwan has been making a mark in the domestic equity ETF market by managing top-performing ETFs like 'KODEX 200 Target Weekly Covered Call' and 'KODEX High Dividend Financials TOP10 Target Weekly Covered Call'. These ETFs are gaining popularity among affluent investors in Gangnam and also receiving attention within the defense ETF category. Samsung Asset Management's ETF division is notable for its advantage in spanning a diverse range of assets and global markets.
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"It will rise more"… Asset Management Companies Expand Defense ETF Lineup - Daily AnAs the defense sector continues to lead the stock market, domestic asset management companies are focusing on launching defense exchange-traded funds (ETFs). With the expansion of the defense ETF lineup, investors' choices are becoming wider. As of the 30th, according to the Korea Exchange, there are currently a total of 9 defense ETFs listed in the domestic ETF market. Among these, 4 are products investing in domestic defense companies, while others invest in overseas defense companies.
“It will rise more”…Asset Managers Expand Defense ETF Lineup - DailianAs the dominance of defense stocks in the stock market continues, domestic asset management companies are focusing on launching defense Exchange-Traded Funds (ETFs). With the expansion of the defense ETF lineup, investors now have a wider range of options. As of the 30th, according to the Korea Exchange, there are currently a total of 9 defense ETFs listed in the domestic ETF market. Among them, 4 products invest in domestic defense companies, and products investing in foreign defense companies are