HANARO Nuclear Power iSelect ETF Records 25% One-Month Return

NH-Amundi Asset Management announced on May 22 that the HANARO Nuclear Power iSelect Exchange Traded Fund (ETF) recorded a one-month return of 25%.

According to fund rating agency KG Zeroin, as of May 21, the HANARO Nuclear Power iSelect ETF posted a one-month return of 25.10%, a six-month return of 35.16%, and a one-year return of 42.39%. Since its listing in June 2022, the cumulative return has reached 138.22%.

The HANARO Nuclear Power iSelect ETF is an ETF that invests in 20 major domestic companies related to nuclear power generation. Its portfolio includes Doosan Enerbility, Korea Electric Power Corporation, LS ELECTRIC, Hyundai Engineering & Construction, HD Hyundai Electric, and Hyosung Heavy Industries.

Nuclear power generation is drawing attention as an alternative that can address both the surge in electricity demand and the reduction of carbon emissions. Investment in power infrastructure to meet electricity demand is an urgent issue not only in North America but also in Europe. It is known that nuclear power policies are shifting in a more positive direction in Europe, including in Germany.

The HANARO Nuclear Power iSelect ETF is particularly notable for its largest holding, Doosan Enerbility, which is considered the biggest beneficiary of the global expansion of nuclear power plants and the adoption of small modular reactors (SMRs). Doosan Enerbility, the top holding, saw its stock price rise by 28% in May alone due to expectations for orders for gas turbines for U.S. data centers, driving the ETF's performance. Another major holding, Hyosung Heavy Industries, succeeded in winning an ultra-high voltage transformer order worth 85 billion KRW in the United Kingdom.

Kim Seungcheol, Head of ETF Investment Division at NH-Amundi Asset Management, stated, "The HANARO Nuclear Power iSelect ETF is a product that invests across the nuclear power generation and power infrastructure sectors," and added, "The persistent power shortage expected over the coming years will present a significant opportunity for domestic nuclear power companies."

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