NH-Amundi Asset Management Surpasses 60 Trillion KRW in Assets Under Management... "First Since Establishment"

NH-Amundi Asset Management announced that as of the 28th of last month, it surpassed KRW 60 trillion in assets under management (AUM) for the first time since its establishment. This represents an 11.94% growth from approximately KRW 54 trillion on February 28 of last year.

Due to the elevated absolute interest rate levels, expectations of interest rate cuts, and a preference for stable assets, there was a notable inflow of funds into bonds and money market funds (MMFs). NH-Amundi Asset Management increased its AUM by KRW 5 trillion in about a year after surpassing KRW 55 trillion in February 2023, the 20th anniversary of its founding, based on excellent management performance.

The NH-Amundi Correct Earth OCIO Asset Allocation Fund, launched in March 2022, exceeded KRW 200 billion in AUM last January, nearly two years after its launch, despite the slump in public funds. This fund reflects the global asset allocation, model portfolio, and ESG processes of Amundi, the second largest shareholder from France. The representative retirement pension fund, Hanaro TDF, also surpassed KRW 200 billion in net assets at the end of last month, based on excellent performance following the introduction of the default option.

Since its launch in 2018, the HANARO Exchange-Traded Fund (ETF) has listed 36 stocks. After being elevated to an ETF Investment Headquarters in 2023, it is accelerating business expansion. Following K-POP & Media and Shipbuilding & Shipping ETFs, which surpassed KRW 100 billion in net assets last year, this year it launched promising thematic ETFs such as gold mining companies and semiconductor core process leaders. This year, in response to investor needs, it plans to expand overseas investment ETFs jointly developed with Amundi, the No. 1 European asset management company, as well as various bond-type ETFs.

Lim Dong-sun, CEO of NH-Amundi Asset Management, stated, “Achieving the highest-ever assets under management was made possible thanks to the trust of our customers, who we have worked hard to satisfy. As a global investment partner that grows together with our customers through their trust, we will responsibly repay them with the best returns and grow alongside them.”

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