NH Amundi Asset Management said on the 28th that it launched the HANARO securities high dividend TOP3 Plus exchange-traded fund (ETF), which invests in high-dividend stocks of Korea's leading securities firms.
The ETF is composed around securities firms with steady dividend histories and strong profitability. It selects 15 stocks among securities firms that pay dividends every year with high dividend yields, then consists of 10 stocks with the highest three-year average return on equity (ROE) among them.
About 60% is allocated to the top three stocks, Korea Investment Holdings, Mirae Asset Securities, and NH Investment & Securities. Securities firms such as Samsung Securities, Kiwoom Securities, and Shinyoung Securities are also included.
NH Amundi Asset Management explained that with the recent activation of the KOSPI market, trading value has increased in tandem, raising expectations for earnings improvement at securities firms. It also saw growing appeal as a stable destination for dividend investments. Major securities firms, including Korea Investment Holdings, NH Investment & Securities, and Mirae Asset Securities, have been announcing plans to strengthen shareholder returns, such as increasing dividends and canceling treasury shares.
Kim Seung-cheol, head of ETF Investment at NH Amundi Asset Management, said, "The HANARO securities high dividend TOP3 Plus ETF targets both the growth potential of the securities industry and the appeal of high dividends with a portfolio centered on domestic securities firms," adding, "It is a suitable option for investors seeking stable returns amid the rally toward the KOSPI 5000 era."