NH Amundi, 200 Billion Won Surpasses in 100-Year Company Green Korea Fund

[Asia Economy Reporter Junho Hwang] NH-Amundi Asset Management's 100-Year Company Green Korea Fund surpassed 200 billion KRW in assets under management on the 15th, just five months after its launch. The fund recorded 208.2 billion KRW in assets under management (based on the master fund), 277.5 billion KRW in net assets, and a 33.3% return since inception.

The 100-Year Company Green Korea Fund is a domestic equity ESG product that focuses on the green (environmental) theme and primarily invests in companies expected to achieve sustainable growth. NH-Amundi Asset Management, a leader in domestic socially responsible investing, launched this fund by combining Amundi's European ESG evaluation methodology with MSCI's global evaluation standards.

Despite a prolonged contraction in the public fund market due to the direct investment craze among individual investors and controversies surrounding private equity funds, approximately 70 billion KRW flowed into the fund over the past month, causing assets under management to increase sharply. The cumulative sales amount, including profit-taking redemptions, is about 300 billion KRW, making it the most outstanding fund among those launched with similar themes. The fund has recorded an excellent performance with a 33.3% return since its inception on September 3rd last year, based on the managed fund.

The fund invests about 30-40% of its assets in green (environmental) related companies such as secondary batteries, the hydrogen economy, and renewable energy. It is characterized by investing not only in companies with high ESG ratings but also in companies expected to improve ESG factors in the future. The strategy focuses on constructing a portfolio with an emphasis on sustainable growth over the medium to long term rather than short-term performance. As of the end of January, the fund includes Samsung Electronics 23.8%, NAVER 5.2%, SK Hynix 5.2%, Samsung SDI 5.0%, and Hyundai Motor 4.7%.

Park Hak-joo, CEO of NH-Amundi Asset Management, said, "Since COVID-19, ESG has become an essential element for survival," adding, "We expect the 100-Year Company Green Korea Fund to meet the demand of investors who want to pursue sustainable and long-term stable returns by investing in eco-friendly companies emerging as new growth engines."

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