NongHyup Financial Strengthens ETF Sales Capabilities... Holds Asset Management Strategy Meeting

Kim Hyung-shin, Head of Business Strategy Division at NH Nonghyup Financial Group, is presiding over the 3rd Asset Management Strategy Meeting of 2021.

[Asia Economy Reporter Kiho Sung] NH Nonghyup Financial Group is strengthening its competitiveness in the rapidly growing domestic Exchange-Traded Fund (ETF) market.

On the 19th, Nonghyup Financial held the '2021 3rd Asset Management Strategy Meeting' at its headquarters in Jung-gu, Seoul, chaired by Kim Hyung-shin, Head of the Business Strategy Division.

At the meeting attended by asset management heads from major Nonghyup Financial affiliates, they reviewed key achievements in the first half of the year and discussed financial market outlooks for the second half to explore future stable asset management strategies. They also discussed various measures to maximize asset management performance within the group, including strengthening competitiveness in the domestic ETF market and promoting overseas investments. In particular, to expand the market size of NH-Amundi Asset Management’s proprietary brand ‘Hanaro ETF,’ all affiliate capabilities will be focused on launching theme-based ETF products aligned with investment trends and promoting retail sales through banks and securities firms.

Meanwhile, NH-Amundi Asset Management has consecutively launched ETFs investing in ESG (Environmental, Social, and Governance) themes such as electric and hydrogen vehicles and eco-friendly energy, and plans to release about 50 products by next year.

Kim Hyung-shin, Vice President of NH Nonghyup Financial Group, said, “While thoroughly implementing proactive risk management in response to increased market volatility due to the recent resurgence of the coronavirus, please unite all efforts to expand asset management synergies at the group level. As interest in the domestic ETF market is intensifying, please concentrate the capabilities of all affiliates to secure market competitiveness.”

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