ETF Also Embraces Hydrogen Economy: KBSTAR Fn Hydrogen Economy Theme Surpasses 300 Billion KRW

[Asia Economy Reporter Hwang Junho] As interest in the hydrogen economy grows, with a hydrogen business council launched involving major domestic companies such as Hyundai Motor and POSCO, the net assets of KB Asset Management's KBSTAR Fn Hydrogen Economy Theme Exchange-Traded Fund (ETF) surpassed 300 billion KRW on the 8th.

This ETF is the only hydrogen economy ETF in Korea, attracting 240 billion KRW in funds since the beginning of the year. The product mainly invests in domestic companies related to the hydrogen economy, categorized into hydrogen production, distribution, and utilization. The invested funds are allocated to Hyundai Mobis 14.01%, Hanwha Solutions 13.73%, Hyundai Steel 13.62%, Hyundai Motor 13.09%, and Hanon Systems 8.44%, among others. The returns are also favorable. While the KOSPI recorded negative returns over the past month, this ETF achieved a 1.77% return.

Geum Jeongseop, Head of ETF Strategy at KB Asset Management, stated, "Five groups including Hyundai Motor, SK, and POSCO have started investments totaling approximately 43 trillion KRW, and we expect hydrogen-related investments to be promoted through the launch of this hydrogen business council." He added, "Since it is not easy for individual investors to select and invest in hydrogen-related companies, there is a need to pay attention to hydrogen-related ETFs."

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