NongHyup Financial Group Holds 2nd 'Asset Management Strategy Meeting'

Strengthening Group Synergy through Discovering Overseas Investment Opportunities and Fostering Thematic ETFs

Kim Hyung-shin, Head of Business Strategy Division, is presiding over the "2021 2nd Asset Management Strategy Meeting."

[Asia Economy Reporter Kwangho Lee] At the meeting attended by the heads of operations from major affiliates of NongHyup Financial Group, the first quarter performance of this year was reviewed, and the financial market situation along with various current issues were shared.

In particular, amid increased volatility in overseas financial markets due to COVID-19, the status of overseas investments was examined, and through an analysis of the recently growing Exchange-Traded Fund (ETF) market, the potential for expanding synergies within NongHyup Financial Group was explored.

Specifically, discussions were held on ▲ expanding overseas investment profitability by leveraging the partnership with Amundi Global ▲ strengthening NongHyup Financial Group's synergy processes to foster thematic ETFs expected to lead the market in the future.

In the overseas investment sector, the holding company plans to re-examine the overall overseas investment status of the group's managed assets and enhance a customized support system to provide investment opportunities that meet the demands of its affiliates.

NH-Amundi Asset Management, which is leading ESG (Environmental, Social, and Governance) themes by launching ETFs such as the Hanaro Carbon Green New Deal ETF, plans to invest in expanding thematic ETFs in the future and will also strengthen cooperative relationships with NH NongHyup Bank and NH Investment & Securities.

Vice President Kim stated, "In a situation where technological innovation is leading the global financial market, sticking to traditional domestic-centered investment methods will inevitably fall behind," and urged, "Let us all work together to discover and secure various investment avenues such as overseas investments and ETFs so that NongHyup Financial Group can lead the era."

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