NH-Amundi Asset Management HANARO US AgTech ETF Listed
NH-Amundi Asset Management announced that it will list the HANARO US Agtech ETF on the 28th.
Agtech is a portmanteau of Agriculture and Technology, referring to the integration of various advanced technologies such as biotechnology, artificial intelligence, and robotics into traditional agriculture.
The core of agtech is to innovate cultivation and harvesting techniques by applying advanced technology to traditional farming. Representative examples include the development of new seeds, agricultural machinery utilizing artificial intelligence, and smart farms that can adjust cultivation environments. Through this, it aims to improve input efficiency and maximize production of agricultural products.
Globally, interest in agtech is increasing due to the growing severity of the climate crisis and food security concerns, which have expanded uncertainties in agricultural supply.
Notably, the United States is leading the agtech industry through policy support and technological advancements. According to the Korea Development Institute (KDI), the US is promoting smart agriculture research and development and dissemination centered on the United States Department of Agriculture (USDA), expanding rural data infrastructure, and actively investing in agricultural innovation technologies by private companies.
The NH-Amundi Asset Management HANARO US Agtech ETF is the first ETF in Korea to invest in US companies related to advanced agricultural technology. This ETF tracks the iSelect US Agtech Index and invests in representative agtech companies listed in the US market. Major holdings include Deere, Corteva, and ADM.
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Hyunbin Kim, Head of ETF Investment Division at NH-Amundi Asset Management, stated, “Agtech is still unfamiliar in Korea, but in the advanced ETF market of the US, agtech is showing high growth.” He added, “Through the HANARO ETF, we will provide domestic investors with a differentiated investment opportunity to invest in US agtech companies.”
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