Hanwha Asset Management announced on the 14th that it has launched the 'Hanwha K defense, shipbuilding, and nuclear fund' that invests in three key core industries of the next generation in Korea.
This fund is an index fund that operates in conjunction with the FnGuide K defense, shipbuilding, and nuclear index. It selects the top five corporations in the defense, shipbuilding, and nuclear industries and allocates them in a 40:30:30 ratio.
It applies a floating market capitalization weighting method, incorporating individual stocks based on their market capitalization size, and conducts rebalancing (adjustment of component stocks and weights) every half year. During rebalancing, limits for sectors and individual stocks are set at 10%, enabling some realization of profits from stocks that have risen while allowing for additional inclusion of stocks that have decreased in weight.
Choi Young-jin, Hanwha Asset Management, noted, "The defense, shipbuilding, and nuclear industries have all entered a path of structural growth due to changes in international order, such as global supply chain restructuring," adding, "The Hanwha K defense, shipbuilding, and nuclear fund is a product that can effectively invest long-term in major industries where Korea has relative competitive advantages and high growth potential."
The Hanwha K defense, shipbuilding, and nuclear fund was launched through Hanwha Investment & Securities and the direct sales app PINE on this day. Starting from the 18th, investments will also be available through Samsung Securities.