RISE Global Nuclear ETF Surpasses 300 Billion KRW in Net Assets

KB Asset Management announced on September 17 that the RISE Global Nuclear ETF has surpassed 300 billion KRW in net assets. The fund has grown by more than 100 billion KRW in just three months since it exceeded 200 billion KRW in June.

The RISE Global Nuclear ETF is a global nuclear value chain investment exchange-traded fund (ETF) first introduced domestically by KB Asset Management in 2022.

Recently, the explosive growth of artificial intelligence (AI), data centers, and the electric vehicle industry worldwide has led to a dramatic increase in electricity demand. While renewable energy faces challenges due to intermittency and fossil fuels are criticized for their environmental impact, nuclear power is emerging as a key alternative in the future energy paradigm, offering both stability and eco-friendliness.

The United States has set a plan to expand its nuclear power capacity by more than four times by 2050, accelerating the construction of new nuclear plants and the commercialization of small modular reactors (SMRs). Japan and Europe are also increasing their nuclear power investments to achieve energy security and carbon neutrality. Recently, uranium prices have surged, further boosting expectations for growth in the global nuclear industry.

The underlying index for the RISE Global Nuclear ETF is the iSelect Global Nuclear Index. The fund includes only companies related to nuclear power that have a market capitalization of over 100 million USD and an average daily trading value exceeding 300,000 USD over 60 days. By allocating 70% to global companies and 30% to domestic companies, the ETF differentiates itself from other nuclear industry investment products by securing both overseas growth potential and domestic stability.

Major holdings include: Constellation Energy, the largest nuclear operator in the United States; Cameco, the world's top uranium producer; Doosan Enerbility and HD Hyundai Electric, leading domestic nuclear equipment companies; NuScale Power and Oklo, pioneers in SMR; and uranium suppliers NexGen Energy and Uranium Energy.

Over the past three and six months, the RISE Global Nuclear ETF has posted returns of 18.02% and 77.53%, respectively.

No Areum, Head of ETF Business Division at KB Asset Management, stated, "Nuclear power is establishing itself as a core resource for carbon reduction, energy security, and the growth of advanced industries." She added, "The RISE Global Nuclear ETF is the only product in Korea that enables integrated investment in nuclear companies worldwide, offering investors both long-term growth potential and risk diversification."

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