Samsung Asset Management Lists KODEX Carbon Efficiency Green New Deal ETF

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 5th that it will list the ‘KODEX Carbon Efficiency Green New Deal’ ETF, which mainly invests in stocks related to carbon emissions in accordance with the government’s Green New Deal activation policy. This ETF tracks the ‘KRX·S&P Carbon Efficiency Green New Deal Index’ calculated by the Korea Exchange.

The KRX·S&P Carbon Efficiency Green New Deal Index was jointly developed by the exchange and the global index provider S&P DJI (Standard & Poor’s Dow Jones Indices) starting in November last year. This index focuses on the E (environment) aspect of ESG (environment, social, governance) and aims to include as many companies with carbon emission data as possible to encourage participation in a low-carbon economy. As a result, a total of 483 stocks are included, with 260 KOSPI stocks and 223 KOSDAQ stocks.

The constituent stocks were selected considering the company’s carbon emissions relative to sales, disclosure status, and industry influence. Included are Samsung Electronics, LG Chem, Hyundai Motor, among others. By sector, the composition is 49.0% IT, 10.7% consumer discretionary, 8.8% healthcare, and 8.6% industrials.

Park Sung-chul, manager of Samsung Asset Management’s ETF Operation Team 1, said, “This product is the first eco-friendly ETF that mainly invests in low-carbon companies and reflects the rapidly increasing investment demand for ESG.” He added, “As a type of private New Deal fund, it will be a product that responds to the Korean Green New Deal policy.”

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