Woori Asset Management Launches 'WOORI AI ESG Active ETF'

[Asia Economy Reporter Minji Lee] Woori Asset Management, a subsidiary of Woori Financial Group, announced on the 5th that it has launched its first product entering the ETF (Exchange-Traded Fund) market, the ESG-themed ‘WOORI AI ESG Active ETF’.

The ‘WOORI AI ESG Active ETF’ is a product that combines the characteristics of ESG investment, which has established itself as a global mega trend, and active ETFs. The biggest difference from existing ESG ETFs listed domestically is that it evaluates and analyzes ESG stocks based on artificial intelligence (AI).

While the existing method has the drawback of somewhat lacking timeliness of information, AI-based ESG analysis has the advantage of reflecting corporate evaluations and the selection of investment target stocks more accurately and quickly.

An ‘active ETF’ does not simply track a benchmark index like a passive ETF but pursues excess returns by utilizing its own asset management strategies such as stock analysis and portfolio construction capabilities. Therefore, it has the advantage of responding more agilely in periods of high market volatility and rapid changes.

ESG investment is an investment strategy that can maximize long-term profits and is expected to be highly utilized not only by institutional investors but also in the retirement pension market.

A Woori Asset Management official stated, “We plan to additionally launch ETF product lineups linked to the UN-SDGs (Sustainable Development Goals),” and added, “As an asset management company leading ESG investment, we will create a new investment paradigm to contribute to the activation of ESG investment in Korea.”

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