Hanwha Asset Management reports profit growth driven by HBM ETF

Hanwha Asset Management reported a significant increase in its first-half net profit, reaching 27.1 billion won, a 32.8% increase compared to the same period last year. This growth was driven largely by the expansion of its Exchange Traded Fund (ETF) business, with ETF net assets growing 125.8% year-on-year to exceed 12.8 trillion won.

A key driver of this performance is the PLUS Global HBM Semiconductor ETF, which has seen exceptional returns due to the rising demand for High Bandwidth Memory (HBM) in AI servers. As of late May, the fund recorded a year-to-date return of 134.16%. The ETF provides diversified exposure to the memory value chain, with major holdings including Samsung Electronics, SK Hynix, and Micron Technology.

Under the leadership of newly appointed CEO Lim Dong-jun, Hanwha Asset Management is focusing on expanding its global presence, including plans to list defense and manufacturing-related ETFs in European markets such as the UK and Germany.