NH Amundi Asset Management Launches Global Hydrogen Value Chain Fund

[Asia Economy Reporter Minji Lee] NH-Amundi Asset Management announced on the 28th that it has launched the ‘NH-Amundi Global Hydrogen Value Chain Fund,’ which invests in the global hydrogen value chain ahead of the arrival of the hydrogen era leading the energy paradigm shift.

The NH-Amundi Global Hydrogen Value Chain Fund primarily invests in domestic and international hydrogen economy themes and related stocks. ‘Hydrogen’ is emerging as a new energy source and electricity storage medium that can replace carbon. This year, governments and global companies worldwide have begun full-scale investments in the hydrogen sector to achieve the global goal of net-zero carbon emissions. The fund invests across the entire 'hydrogen value chain' from hydrogen production, charging, storage, transportation, to utilization from environmental and ESG perspectives.

This fund is characterized by building corporate analysis and portfolio through big data analysis. It utilizes big data from FactSet, a leading overseas financial data analysis company that holds financial data of 48,000 listed companies worldwide, to discover promising hydrogen-related companies. Based on the analyzed data, the initial portfolio is constructed using the FactSet Hydrogen Economy Index. Subsequently, the fund employs the U.S. S&P’s quant solution to compose and manage an optimal portfolio considering market trends and individual risk factors.

As of the end of February, the FactSet Hydrogen Economy Index underlying this fund invests in hydrogen vehicles and related industries (37.1%), power generation and related industries (24.7%), hydrogen gas and related industries (15.8%), and other hydrogen value chain-related industries (22.4%). Major investment stocks include NextEra Energy (8.0%), the world’s largest renewable energy power generation company; Caterpillar (8.0%), a hydrogen heavy equipment company; and Linde (8.0%), the global number one industrial gas production and engineering company.

Seungcheol Kim, Head of Passive Solutions at NH-Amundi Asset Management, said, “The core of the hydrogen economy lies not in hydrogen vehicles or fuel cells but in building a value chain that forms an ecosystem capable of mass production and mass consumption of hydrogen.” He added, “This fund, which invests evenly across the hydrogen value chain expected to achieve sustainable growth in the mid to long term, will provide useful opportunities for investors.” The NH-Amundi Global Hydrogen Value Chain Fund can be subscribed through NongHyup Bank and NH Investment & Securities nationwide branches or their internet websites, with plans to continuously expand sales channels.

As part of NongHyup Financial Group’s ESG strategy, NH-Amundi Asset Management is strengthening its ESG product lineup. Following the successful launch of the ESG equity public fund ‘100-Year Company Green Korea Fund’ focusing on Environment (E) in September last year and the private New Deal fund ‘HANARO Carbon Efficiency Green New Deal ETF’ in February this year, various ESG products across asset classes are being prepared. The ‘HANARO Fn Electric & Hydrogen Vehicle ETF,’ which mainly invests in eco-friendly energy stocks expected to benefit from the Green New Deal policy, was also listed on the 2nd.

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