Hanwha Asset Management's 'Hanwha Green Hero Fund' Surpasses 10 Billion KRW in Assets Under Management

[Asia Economy Reporter Eunmo Koo] Hanwha Asset Management announced on the 10th that the 'Hanwha Green Hero Fund' surpassed 10 billion KRW in assets under management on the 7th, just 37 days after its launch.

The 'Hanwha Green Hero Fund' is a fund that invests in key global companies leading the response to the climate crisis and was launched on October 16. Its main investment sectors include renewable energy, electric vehicles, and hydrogen industries that help reduce carbon emissions in response to the climate crisis. The portfolio is composed of solar power (29.8%), electric vehicles (27.9%), wind power (19.0%), hydrogen (5.9%), and mitigation application (RE100) (4.4%). The fund has achieved a return of 6.42% since inception.

Hanwha Asset Management explained that the fund is differentiated by investing not only in domestic industries but also in key global Green New Deal companies. Furthermore, since the scope of climate crisis response extends beyond renewable energy and electric vehicles to hydrogen, carbon capture facilities, alternative meat, and more, it is more advantageous for long-term response compared to products that track specific industries or indices.

Eungihan Han, Deputy Head of Growth Management Team at Hanwha Asset Management, stated, "Major global pension funds, asset management companies, and investment banks commonly recognize climate risk as investment risk, have declared coal phase-out, and emphasize large-scale capital redistribution to renewable energy and ESG investments," adding, "We expect this fund to establish itself as a climate finance solution for responding to the climate crisis."

The 'Hanwha Green Hero Fund' is available for subscription at nationwide branches and online websites of Korea Post Securities, Hanwha Investment & Securities, NH Investment & Securities, Shinhan Financial Investment, Yuanta Securities, Hana Financial Investment, and Korea Investment & Securities.

This content was produced with the assistance of AI translation services.