Samsung Asset Management Lists China Secondary Battery 2 ETF and Others
[Asia Economy Reporter Junho Hwang] Samsung Asset Management will list the 'KODEX China Secondary Battery MSCI (Synthetic) Exchange Traded Fund (ETF)' and the 'KODEX US Clean Energy Nasdaq ETF,' products that invest in representative eco-friendly themes of China and the United States, on the 22nd.
The KODEX China Secondary Battery MSCI (Synthetic) ETF is a product that focuses investment on leading companies in the secondary battery sector, a core theme of China's electric vehicles. As of last year, China holds a 49% share of the secondary battery market by country (Global Cathode & Li, Co, Ni, Mn Shipment Tracker, SNE Research), ranking first in the world. The underlying index is the MSCI China All Shares IMI Select Batteries Index (PR), with a total expense ratio of 0.25% per annum. The portfolio consists of global battery leader CATL (Ningde Shidai) and BYD, China's second-largest battery and leading electric vehicle company, among others.
The KODEX US Clean Energy Nasdaq ETF invests in core companies listed in the US market related to clean energy, a megatrend entering a high-growth early phase. It enhances investment appeal by including promising companies in renewable energy, electric vehicles, next-generation semiconductors, and advanced materials sectors. The underlying index is the NASDAQ Clean Edge Green Energy Index, with a total expense ratio of 0.45% per annum. Major invested companies include Tesla and Nio, premium electric vehicle brands from the US and China, as well as Albemarle, the world's leading lithium company.
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Im Taehyuk, Head of ETF Operations at Samsung Asset Management, stated, "The two products introduced this time are themes effective for long-term investment and can be invested in through individual accounts, ISA accounts, as well as pension accounts," adding, "We plan to steadily expand our lineup of overseas thematic ETFs, where investment demand has been increasing recently."
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