Hana Asset Management's 1Q Silver Active ETF Surpasses 50 Billion Won in Net Assets

The '1Q Silver Active' Exchange Traded Fund (ETF) by Hana Asset Management, which tracks spot silver prices, has shown rapid growth, surpassing 50 billion won in net assets.

According to Hana Asset Management on May 7, the 1Q Silver Active ETF exceeded 50 billion won in net assets as of April 28. By May 4, the figure had reached 56.5 billion won, with capital inflows accelerating.

The most significant competitive edge of this product is that it is eligible for investment through retirement pension accounts. Existing silver futures-based ETFs could not be included in retirement pension accounts due to restrictions on derivatives risk assessment amounts. In contrast, the 1Q Silver Active ETF adopts a fund-of-funds structure that invests in overseas-listed spot silver ETFs, resolving this limitation. As a result, investors can allocate up to 70% of their retirement pension accounts (DC and IRP) and up to 100% of their pension savings and Individual Savings Accounts (ISA) to this ETF, enjoying tax deferral and tax deduction benefits.

This ETF uses the 'Bloomberg Blended Silver Spot USD Index' as its benchmark and primarily invests in overseas-listed spot silver ETFs such as the iShares Silver Trust (SLV) and abrdn Physical Silver Shares ETF (SIVR), among others in the United States.

Silver, along with gold, is considered a representative precious metal commodity and is also an essential strategic metal used in advanced industries such as solar energy, semiconductors, and batteries. Industrial demand accounts for about 50–55% of global silver demand, making its dependence on industrial applications higher than that of other precious metals such as gold. Notably, silver possesses the highest electrical and thermal conductivity among metals, making it widely used in solar panel electrodes, semiconductor circuits, electric vehicle and electronic device components. Recently, the spread of artificial intelligence (AI) and data centers has further driven up industrial demand for silver.

On the other hand, supply has faced structural shortages since 2021. Production has been limited due to delays in mine development, and recent moves by major countries to weaponize resources have further exacerbated the situation. In fact, the United States included silver in its list of critical minerals in November 2025, and China implemented a full-scale export control on silver starting January this year, further elevating the strategic value of silver.

Tae-woo Kim, CEO of Hana Asset Management, stated, "Silver is not only a store of value as a precious metal, but also a key advanced material in the AI era," adding, "The 1Q Silver Active ETF is one of the optimal investment solutions for long-term asset allocation in pension accounts."

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