NH Amundi Asset Management, HANARO Fn Electric & Hydrogen Vehicle ETF Listed

[Asia Economy Reporter Minji Lee] NH-Amundi Asset Management announced on the 5th that it has listed the ‘HANARO Fn Electric & Hydrogen Vehicle ETF,’ which primarily invests in electric vehicle and hydrogen vehicle stocks. This product is characterized by the ability to invest simultaneously in the two main pillars of the future car market: electric vehicles and hydrogen vehicles.

The ‘HANARO Fn Electric & Hydrogen Vehicle’ ETF tracks the ‘FnGuide Electric & Hydrogen Vehicle Index’ calculated by FnGuide. This index targets companies listed on the KOSPI and KOSDAQ markets that are engaged in businesses related to electric & hydrogen vehicles, including electric vehicles, hydrogen vehicles, autonomous vehicles, secondary batteries, and fuel cells.

The constituent stocks are selected using an adjusted free-float market capitalization weighting method that adjusts investment weights based on industry exposure and free-float market capitalization, selecting 30 stocks. As of the 26th of last month, the major constituents included Hyundai Motor and Hyundai Mobis, and by sector, it was composed of Chemicals (21.51%), Auto Parts (20.66%), Automobiles (18.69%), and Electronic Equipment & Devices (14.57%). On the first trading day, the 2nd, the ETF recorded a return of 1.71%.

Seungcheol Kim, Head of the Passive Solutions Division at NH-Amundi Asset Management, said, “The future automobile industry centered on electric and hydrogen vehicles is expected to experience explosive growth, driven not only by government policies but also by global expansion of adoption. This product includes both electric and hydrogen vehicle stocks, which have a complementary relationship, providing investors with a useful means to focus their investments on the eco-friendly future car theme.”

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