Hanwha Asset Management Signs MOU with US Index Provider MVIS

Hanwha Asset Management - MVIS MOU Signing Ceremony (Kim Yong-hyun, CEO of Hanwha Asset Management (left), Steven Schoenfeld, CEO of MVIS (right))

[Asia Economy Reporter Minji Lee] Hanwha Asset Management announced on the 27th that it has signed a Memorandum of Understanding (MOU) with MV Index Solutions (hereinafter MVIS) to exclusively use various thematic indices from the United States.

MVIS is a subsidiary of VanEck, one of the top 7 ETF managers in the U.S., and operates as an index provider selling index information representing specific markets, industries, and themes to financial institutions, similar to MSCI. It offers various thematic indices such as Artificial Intelligence (AI), Quantum, 5G Communication, and Gold Mining. The total assets under management (AUM) of funds using MVIS indices reached approximately 20 trillion KRW as of the end of April.

Through this MOU, Hanwha Asset Management will have exclusive rights to use all indices contracted with MVIS. As domestic investors' interest in overseas ETFs listed domestically grows, this MOU is expected to enable the proactive launch of products aligned with global trends in the domestic market.

Kim Yonghyun, CEO of Hanwha Asset Management, said, "MVIS is an index provider with strengths in thematic indices, and many ETFs tracking MVIS indices are listed in the U.S. market. Through this partnership, we have secured the rights to use indices to build a global thematic ETF lineup."

CEO Kim added, "This will be an opportunity to introduce mega-trend products that focus on assets and stocks with long-term upward potential to the domestic market."

This MOU will last for five years starting from May 31, and both parties plan to actively cooperate to share global investment trends through quarterly regular idea meetings and to advance into the Asian market.

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