Hanwha Asset Management said on the 23rd that the 1-year return of the Hanwha Green Hero Fund came in at 223%, placing it first among overseas equity public funds (excluding ETFs).
According to FnGuide, the Hanwha Green Hero Fund rose 223.06% over the past year as of the 21st. The net worth aggregates stands at 170.4 billion won.
The fund invests in the "energy transition" to address the climate crisis. Its main investment sectors are core industries of the electrification era, encompassing not only eco-friendly and renewable energy corporations but also power grid infrastructure, artificial intelligence (AI) essential for decarbonization and energy efficiency, and climate crisis adaptation corporations represented by space and aerospace.
Hanwha Asset Management analyzed that the massive energy demand triggered by AI translated into performance. In particular, as oil supply chain instability caused by the Iran war overlapped, it said the shift accelerated toward energy sources such as solar and wind that can build independent supply chains.
By industry weight as of the 15th of last month: grid 24.1%, artificial intelligence 18.8%, solar 15.1%, electric vehicles 11.2%, hydrogen 6.8%, wind 7.3%, batteries 6.4%.
Eun Gi-hwan, a manager on the Korea equity management team at Hanwha Asset Management, said, "As the Strait of Hormuz blockade has kept oil prices high, searches for electric vehicles (EVs) are surging," and added, "This war will trigger an all-around, global energy transition across both consumer goods and industry."