Hanwha Asset Management announced on the 26th that the net assets of the "PLUS Solar & ESS" exchange-traded fund (ETF) exceeded 100 billion won.
According to Hanwha Asset Management, the ETF recorded a net asset of 103.7 billion won on the 24th. It has returned 55.2% in the last three months, 99.3% in six months, and 234.1% in a year.
Hanwha Asset Management explained, "The K solar industry has secured new growth engines thanks to AI (artificial intelligence) development, and its importance in terms of energy security has been highlighted due to the restructuring of the U.S. supply chain and soaring oil prices."
The PLUS Solar & ESS ETF is a product that invests in the overall power value chain such as solar power generation, ESS, and power devices. Ten major companies, including Hanwha Solution, OCI Holdings, LS ELECTRIC, Samsung SDI, LG Energy Solution, and POSCO Future M, are included in the composition.
Solar power is emerging as an alternative power source as demand for electricity increases due to the spread of artificial intelligence (AI) and the global energy supply chain is reorganized. Another positive factor is that expectations for Korean companies' reflective benefits are rising due to the reorganization of the "post-China" supply chain centered on the U.S.
Demand for energy storage systems (ESSs), which supplement the intermittence of photovoltaic power generation, is also on the rise. As battery companies shift their production to ESS-oriented ones, expectations for growth in related industries are also growing.
"A variety of factors, including increased demand for AI electricity and energy security issues, are positively affecting the growth of the solar and ESS industries," said Geum Jung-seop, head of Hanwha Asset Management's ETF business division. "We can secure industrial growth benefits through ETFs that can invest in overall related value chains."
