Hanwha Asset Management said on the 17th it will newly list the "PLUS KOSDAQ150 Active" exchange-traded fund (ETF). It adds "Next 150" stocks, which are expected to lead the KOSDAQ market, to the current major KOSDAQ150 corporations.
The PLUS KOSDAQ150 Active ETF is composed of relatively high-quality corporations among those included in the KOSDAQ150 index. Hanwha Asset Management noted that, as the index is expected to see inflows from pension funds and foreign investors under the government's KOSDAQ revitalization policy, it can be expected to deliver better returns over the long term compared with the KOSDAQ index from a performance perspective.
However, the investment universe is not limited to 150 stocks but covers the entire KOSDAQ market. The plan is to actively add to the portfolio stocks that will grow and lead the KOSDAQ market.
For corporations included in the KOSDAQ150, it pursues excess returns through a "sector-neutral" and "bottom-up stock picking" strategy. While managing the weights of semiconductors and biotech—the two pillars of KOSDAQ—at levels similar to the KOSDAQ150, the strategy is to include high-quality, undervalued names within each sector based on stock analysis. The remaining weight will focus mainly on artificial intelligence. With attention on electricity, the core infrastructure of artificial intelligence, it plans to invest in corporations related to energy storage systems (ESS) and fuel cells.
As of the listing date, major holdings include Seers Technology, VINATech, W-Scope Chungju Plant, Sphere, Park Systems, Rznomics, FnGuide, Duksan Neolux, PSK Holdings, SIMMTECH and about 40 others.