NH-Amundi Asset Management noted on the 25th that its exchange-traded fund (ETF) ‘HANARO Global Gold Mining Corporation’ ETF has risen more than 20% compared to the beginning of the year.
As of the 17th, the rise of HANARO Global Gold Mining Corporation ETF compared to the beginning of the year was recorded at 24.39%. This figure is higher than the international gold price (KRW) increase rate of 12.09% during the same period, and it is the highest among gold-related ETFs listed in the domestic market.
During the same period, the six-month increase rate was 22.83%, and the one-year increase rate was 58.96%. NH-Amundi Asset Management explained that the stock prices of gold mining corporations have experienced significant volatility compared to physical gold due to factors such as fixed costs associated with gold mining and processing.
The HANARO Global Gold Mining Corporation ETF, which was listed in January last year, is a product that invests in global gold mining corporations. It diversifies investments in global gold mining-related stocks in the U.S., Canada, Australia, and South America. There is also an advantage of receiving distributions related to dividends every quarter.
Kim Seung-cheol, head of the ETF investment division at NH-Amundi Asset Management, said, “A favorable environment for rising gold prices is being created recently,” and noted that “one should consider investing in the HANARO Global Gold Mining Corporation ETF, which has high volatility and allows for dividends when gold prices rise.”