Hanwha Natural Resources Fund Surpasses 130 Billion KRW in Assets Under Management

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Asset Management announced on the 7th that the Hanwha Natural Resources Fund's assets under management have surpassed 130 billion KRW.

According to FnGuide on the 3rd, the Hanwha Natural Resources Fund's assets under management reached 131.16411 billion KRW. The amount of funds inflowed in a single day reached 10.22835 billion KRW.

The Natural Resources Fund primarily invests in advanced country companies in the energy and materials sectors. Hanwha Asset Management recently sold all Russian stocks held in the Natural Resources Fund, currently having no exposure to Russian stocks.

The Hanwha Natural Resources Fund has recorded a 3-month return of 25.25%, showing a sharp upward trend since the beginning of this year.

It began a significant rise after global inflation concerns emerged in December last year. In past inflationary periods, real assets such as raw materials, real estate, and gold performed well, and this learning effect has increased investor interest in natural resources.

Additionally, regarding crude oil, which has a significant influence on natural resources, expectations for a recovery in transportation fuel demand have increased as the Omicron variant's spread has subsided, and crude oil prices are expected to remain strong. The Russia-Ukraine conflict could disrupt oil supplies from Russia, one of the world's top three oil producers, potentially causing short-term increases in crude oil prices.

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