KB Asset Management, Renewable Energy ETF Returns Soar

[Asia Economy Reporter Junho Hwang] As the value of energy companies rises due to the aftermath of Russia's invasion of Ukraine, the returns of related domestic and international exchange-traded funds (ETFs) are also increasing.

According to KB Asset Management on the 21st, the 'Global Hydrogen Economy Indxx ETF' recorded a 13% return over the past month. During the same period, the 'KBSTAR Global Clean Energy S&P ETF' also rose 15.2%. This contrasts with major indices such as the KOSPI, which fell 2%, and the Nasdaq, which dropped 8.3% during the same period.

The 'KBSTAR Global Hydrogen Economy Indxx ETF,' which invests in global hydrogen economy companies, tracks the US index (INDXX)'s 'Indxx Hydrogen Economy Index' as its underlying index. It includes the top 30 global companies in the hydrogen value chain industry.

The 'KBSTAR Global Clean Energy S&P ETF' tracks the 'S&P Global Clean Energy' index. It includes global eco-friendly companies from the US and Europe, as well as domestic eco-friendly companies such as Hanwha Solutions, Doosan Fuel Cell, and CS Wind.

Yook Dong-hwi, head of ETF Consulting at KB Asset Management, said, "As the policy to reduce dependence on fossil fuels expands globally due to the Russia-Ukraine war, the growth of renewable energy-related sectors will accelerate. Especially hydrogen is gaining attention as a core of renewable energy due to its high applicability in various fields, so high growth potential can be expected."

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