Hanwha Asset Launches 'Hanwha ARIRANG iSelect Aerospace & UAM ETF'

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Asset Management announced on the 29th that it has listed the 'ARIRANG iSelect Space Aviation & UAM' Exchange Traded Fund (ETF) on the Korea Stock Exchange.

The space aviation industry collectively refers to all industries related to the production of space-related equipment such as Korean launch vehicles and various types of satellites, as well as KPS (Korean Positioning System), space exploration, and more.

In fact, the domestic space aviation industry and UAM industry, which are currently in their infancy, are being developed under government leadership. Policies such as the '3rd Basic Plan for Space Development Promotion' and the 'Korean Urban Air Mobility (K-UAM) Roadmap' are driving the growth of related industries. As the global space development paradigm shifts from government-led to private company-centered, domestic space industry participation by private companies is also becoming more active, and the value of these companies is expected to gradually increase.

The 'ARIRANG iSelect Space Aviation & UAM ETF' invests in 18 stocks representing the industry, which belong to the space aviation and urban air mobility (UAM) related industries, based on market dominance and relevance within the industry.

The underlying index is the 'iSelect Space Aviation UAM' index published by NH Investment & Securities, which uses AI keyword filtering technology to extract representative stocks of the space aviation and urban air mobility industries and then composes the index with stocks that meet investment suitability criteria.

The underlying index components are representative domestic companies related to space aviation and UAM, with major stocks including Hanwha Aerospace, Korea Aerospace Industries, Hanwha Systems, LIG Nex1, Hanwha, and Hyundai Motor Company.

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