Hana Asset Management will launch the 'OneQ (1Q) U.S. S&P 500 Exchange-Traded Fund (ETF)' tracking the U.S. Standard & Poor's (S&P) 500 index on the 18th. Hana Asset Management noted during a press conference on the 17th that it aims to become a key supplier of retirement pension products centered on Target Date Funds (TDF) and ETF products.
Kim Tae-woo, CEO of Hana Asset Management, held a press briefing on 'Hana The Next TDF and 1Q ETF' at the Conrad Hotel in Yeouido, Seoul, and said, 'As a frontrunner in retirement pensions, we will strive to strengthen our lineup of TDF and ETF products in the future.'
During this press conference, the '1Q U.S. S&P 500 ETF' which will be newly listed tomorrow, was introduced. Hana Asset Management explained that the '1Q U.S. S&P 500 ETF' has a differentiated distribution schedule (mid-month distributions in March, June, September, and December) compared to other S&P 500 ETFs listed domestically.
Kim Seung-hyun, Deputy Minister of the ETF and Quant Solutions department, said, 'While most existing ETFs distribute at the end of the month, this ETF considers the diversity of distribution timing desired by customers through mid-month distributions.'
It also explained that it presented the lowest face value (about 10,000 won) among U.S. S&P 500 ETFs, lowering the investment entry barrier. Additionally, with a total expense ratio of 0.0055%, the management fee is at the industry lowest level of 0.001%, making it suitable for long-term investment.
Hana Asset Management previously launched 'Hana The Next TDF', a major product in the retirement pension market, last year. Since its launch, the revenue until the 4th has been 10.11%, demonstrating superior performance compared to competitors.
Kwon Jeong-hoon, executive director of the operations division, noted, 'TDF has established itself as an essential product group in the retirement pension market,' adding, 'Hana The Next TDF will become an essential investment solution for pension providers based on its excellent performance.'
Meanwhile, Hana Asset Management announced that until the 17th of next month, it will hold a listing celebratory event to commemorate the new launch of the '1Q U.S. S&P 500 ETF'. Those who purchase more than 10 shares of the 1Q U.S. S&P 500 ETF and verify their purchase will be entered into a lottery to win prizes, including a 1 million won Bithumb voucher that can be used to buy Bitcoin, Ethereum, and other cryptocurrencies.