Hanwha Asset Management's PLUS Solar & ESS ETF Surpasses 100 Billion Won in Net Assets

Hanwha Asset Management announced on March 26 that the net asset value of the 'PLUS Solar & ESS' Exchange Traded Fund (ETF) has surpassed 100 billion won.

According to the Korea Exchange, the PLUS Solar & ESS ETF recorded a net asset value of 103.7 billion won as of the market close on March 24. Its returns by period are 55.2% over the past 3 months, 99.3% over 6 months, and 234.1% over one year.

This performance is seen as a result of several factors: the Korean solar industry has secured new growth momentum driven by advancements in artificial intelligence (AI); the restructuring of supply chains in the United States; and the recent surge in oil prices, all of which have highlighted the importance of energy security. Solar power is gaining attention as the fastest power source to meet surging electricity demand caused by AI data centers. In comparison, nuclear power, which is considered the most efficient clean energy source, takes more than 10 years to build a power plant. Demand for energy storage systems (ESS), which can supplement the intermittency of solar power generation, is also increasing.

A new growth driver has also emerged in the form of space data centers. NVIDIA unveiled its concept for orbital data centers (ODC) at this year’s GPU Technology Conference (GTC), and Elon Musk’s SpaceX is pushing forward with a satellite-based solar-powered data center. Notably, Hanwha Solutions and HD Hyundai Energy Solutions are conducting research and development on perovskite, which is considered one of the most suitable candidates for space-grade solar materials, raising expectations for momentum among related companies going forward.

The PLUS Solar & ESS ETF invests across the entire solar industry value chain, including solar power generation (power sources), ESS (energy storage systems), and power equipment (transformers and transmission/distribution) for transporting electricity. The ETF’s portfolio consists of ten constituent stocks: Hanwha Solutions, LS ELECTRIC, OCI Holdings, SK EterNix, HD Hyundai Energy Solutions, Samsung SDI, HD Hyundai Electric, LG Energy Solution, POSCO Future M, and L&F.

Jeongseop Keum, Head of ETF Business Division at Hanwha Asset Management, stated, "Multiple factors—such as the explosive surge in AI-related electricity demand, space data centers, the US-China power struggle, and rising oil prices—are simultaneously benefiting the solar & ESS industry. By utilizing the PLUS Solar & ESS ETF, which invests not only in solar companies but also in ESS and power equipment across the entire solar value chain, investors can efficiently share in the overall growth of the industry."

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