Hanwha Asset Management Lists 'ARIRANG Global Artificial Intelligence Industry MV ETF'
Investing in Companies Leading the Artificial Intelligence Industry
[Asia Economy Reporter Hwang Yoon-joo] Hanwha Asset Management announced that it listed the ‘Hanwha ARIRANG Global Artificial Intelligence Industry MV’ exchange-traded fund (ETF) on the 17th.
The artificial intelligence industry refers to software, hardware, and service industries that produce, distribute, and utilize artificial intelligence. It includes AI development as well as △data aggregation △related products and services △system construction and support services.
The ‘Hanwha ARIRANG Global Artificial Intelligence Industry MV ETF’ is the first domestic ETF that allows investment in global companies in the artificial intelligence industry. Representative examples of AI technology applications are ‘autonomous driving’ and ‘smart factories.’
The ‘Hanwha ARIRANG Global Artificial Intelligence Industry MV ETF’ tracks the ‘BlueStar Artificial Intelligence Index’ by MV Index Solution. The index classifies AI-related themes into six groups and constructs the index by pre-determining the investment weight for each group.
Key constituent stocks include ▲Microsoft ▲ExlService Holdings ▲Amazon ▲Salesforce. Additionally, stocks playing roles in the AI industry such as ▲NVIDIA ▲Splunk ▲Aspen Technology are also included.
Kim Sung-hoon, Head of ETF Business Division at Hanwha Asset Management, stated, "The artificial intelligence industry may seem difficult, but AI is utilized in many products and services such as ‘autonomous driving,’ ‘healthcare,’ and ‘service robots.’" He added, "The AI industry is in its early growth stage and is a ‘mega-trend’ industry suitable for long-term investment."
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Hanwha Asset Management is strengthening product competitiveness by introducing Korea’s first products not only in the AI industry but also in aerospace & UAM, K-Unicorn investment companies, and TDF active ETFs.
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