Hanwha Asset Management's Hanwha Green Hero Fund Surges 223% in One Year

The Hanwha Green Hero Fund, managed by Hanwha Asset Management, has achieved the highest return among overseas equity public funds. The acceleration of energy transition due to the war appears to have supported this strong performance.

On April 23, Hanwha Asset Management announced that the Hanwha Green Hero Fund recorded a one-year return of 223%, ranking first among overseas equity public funds (excluding ETFs).

According to financial information provider FnGuide, as of April 21, the Hanwha Green Hero Fund recorded returns of 223.06% over the past year, 60.24% over six months, 42.62% over three months, and 13.80% over one month. Its total net assets amount to 170.4 billion won. Hanwha Asset Management explained that this performance was driven by two main factors: the massive energy demand sparked by artificial intelligence (AI) and the instability in the oil supply chain caused by the Iran war. As a result, the transition to energy sources such as solar and wind power, which can independently establish supply chains, has accelerated.

The Hanwha Green Hero Fund invests in the energy transition to address the climate crisis. Its main investment sectors are key industries in the era of electrification, encompassing not only eco-friendly and renewable energy companies but also power grid infrastructure and AI that are essential for decarbonization and energy efficiency, as well as climate crisis adaptation companies represented by aerospace. As of March 15, the breakdown by industry was as follows: grid 24.1%, artificial intelligence 18.8%, solar 15.1%, electric vehicles 11.2%, hydrogen 6.8%, wind power 7.3%, and batteries 6.4%. Major portfolio holdings and sectors include: Hanjung NCS (grid), Sphere (climate crisis adaptation), Tesla (electric vehicles), SK hynix (artificial intelligence), Bloom Energy (hydrogen), First Solar (solar), Samsung Electronics preferred shares (artificial intelligence), Vinatech (batteries), HD Hyundai Energy Solutions (solar), and Samsung Electro-Mechanics preferred shares (electric vehicles).

Eun Kihwan, manager of the domestic equity investment team at Hanwha Asset Management, stated, "Recently, as the blockade of the Strait of Hormuz has caused sustained high oil prices, searches for electric vehicles (EVs) have surged." He added, "This is just one example; this war is likely to spark a comprehensive and global energy transition affecting both consumer and industrial sectors alike." He also said, "A combination of solar, wind, and energy storage systems (ESS) provides energy that cannot be disrupted by anyone, making it optimal for energy security." Eun has been managing the Hanwha Green Hero Fund since 2020 and has also achieved superior results compared to the benchmark index with the 'PLUS KOSDAQ150 Active' ETF, which was listed in March.

The Hanwha Green Hero Fund can be subscribed to through Kwangju Bank, Nonghyup Bank, Daegu Bank, Woori Bank, Hana Bank, DB Securities, iM Securities, KB Securities, NH Investment & Securities, SK Securities, Mirae Asset Securities, Shinhan Investment Corp., Woori Investment & Securities, Yuanta Securities, Hana Securities, Korea Investment & Securities, Hanwha Investment & Securities, Hyundai Motor Securities, Kyobo Life Insurance, Samsung Life Insurance, Hanwha Life Insurance, and PINE.

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