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Rise of Defense Stocks and ETFs: Spotlight on 'PLUS K Defense' ETF
Amidst the recent global tension, defense-related stocks and ETFs have shown a notable uptrend. In the Korean stock market, the 'PLUS K Defense' ETF has surged by 66.79% since the beginning of the year, marking impressive performance. Key factors contributing to this include the escalation of the Russia-Ukraine war and growing tensions between Israel and Iran. Consequently, major defense companies such as Hanwha Aerospace, Hyundai Rotem, and LIG Nex1 are also reporting strong performances and attracting attention.
On the New York Stock Exchange, significant movements are underway. Hanwha Asset Management is preparing to list an ETF composed of domestic defense companies, in response to the increased international demand driven by rising geopolitical risks. This ETF is expected to include major components such as Hanwha Aerospace and LIG Nex1, companies that have significantly improved their profitability this year and are drawing interest from foreign investors.
Additionally, Hanwha Asset Management has submitted an application to the SEC to list this ETF, which is set to include key domestic defense companies like Hanwha Aerospace, Hyundai Rotem, and Korea Aerospace Industries. This aligns with the increase in foreign investments in K-Defense. The 'PLUS K Defense' fund is currently boasting a yield of 70.79%.
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매일일보Oct 23Successful 'K-Defense ETF' Listed in the US - Maeil IlboMaeil Ilbo = Reporter Lee Jae-hyung | Hanwha Asset Management is pushing for listing an exchange-traded fund (ETF) composed of domestic defense companies on the New York Stock Exchange. This move is interpreted as reflecting international demand to invest in Korean defense stocks amid growing global geopolitical risks. The ETF is expected to consist of major domestic defense stocks such as Hanwha Aerospace and LIG Nex1. Hanwha Group is actively working on listing on the US stock market with the aim of early next year. According to the financial investment industry on the 23rd, Hanwha Asset Management recently submitted an application for listing the 'PLUS Korea Defense Industry' ETF to the US Securities and Exchange Commission (SEC).
Hanwha Investment Management to Push for Listing of 'PLUS K Defense' ETF on New York Stock Exchange - SBS BizIt has been reported that Hanwha Asset Management is pushing for the listing of an exchange-traded fund (ETF) investing in key domestic defense industry companies on the New York Stock Exchange. According to the financial investment industry and Hanwha Investment Management on the 23rd, an application for listing the 'PLUS Korea Defense Industry Index ETF', which benchmarks 'PLUS K Defense' listed on the domestic stock market, has been submitted to the US securities...
