NH-Amundi Asset Management, Global Aerospace Fund Returns Exceed 9%

[Asia Economy Reporter Hwang Yoon-joo] The 'NH-Amundi Global Aerospace Fund' has achieved a return exceeding 9% in just six months.

According to NH-Amundi Asset Management on the 3rd, the 'NH-Amundi Global Aerospace Fund' recorded a return of 9.3% since its launch in May, based on the unhedged (UH) class. Considering that during the same period the KOSPI index fell by 12.5% and the MSCI World index dropped by 3.4%, this is a remarkable performance. Recent returns have also remained stable, with 9.0% over one month and 8.3% over three months.

The NH-Amundi Global Aerospace Fund was launched in May. It is the first fund in Korea to invest in the global aerospace industry. The fund selectively invests in the U.S. aerospace industry, which is the most technologically advanced in the world.

The excellent performance is due to the paradigm shift expected within aerospace, with related companies gaining attention amid a sluggish stock market. The valuation of the thematic index is considered reasonable, with a price-to-earnings ratio (PER) of about 19 times.

According to Morgan Stanley, the global space economy is expected to reach $1 trillion annually by 2040. Bank of America projects it will reach $1.4 trillion annually by 2030. In particular, the satellite industry is expected to grow more than threefold over the next decade. Among the stocks held by the fund, Northrop Grumman and Lockheed Martin have posted returns of 41.8% and 36.9%, respectively, since the beginning of this year.

This fund is characterized by building its portfolio through big data analysis of companies. It utilizes big data from the financial data analytics firm FactSet to analyze global aerospace investment companies and constructs the FactSet Global Aerospace Index. Based on this, the fund builds an optimal portfolio considering market trends and individual risk factors.

Ko Soong-cheol, Chief Investment Officer (CIO) of NH-Amundi Asset Management's equity division, stated, "We believe that the global infinite competition in the space industry has already begun," adding, "The NH-Amundi Global Aerospace Fund will be a way to invest in the global mega-trend of the space industry earlier than anyone else."

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