Woori Asset Management announced on the 31st that it will newly list the "WON Doosan Group Focus ETF," the first exchange-traded fund in Korea to focus on major Doosan Group affiliates and key partners.
The product invests in the growth potential of Doosan Group, which has successfully restructured its business portfolio away from traditional heavy industry toward next-generation nuclear power, advanced industrial robots, and system semiconductors. The fund tracks the iSelect Doosan Group Focus Index, calculated and published by NH Investment & Securities, and carries a total expense ratio of 0.33%.
This marks the first time an ETF specializing in the Doosan Group theme has been listed. A key feature is that 90% of the portfolio is allocated to Doosan Group affiliates, while the remaining 10% is invested in core partner companies that work with Doosan, seeking alpha returns.
Based on index weightings as of the 28th of last month, the portfolio's core holdings consist of: △Doosan (26.01%), the group holding company leading the semiconductor materials business; △Doosan Enerbility (23.67%), a global leader in nuclear power and gas turbines; and △Doosan Robotics (22.50%), Korea's No. 1 collaborative robot maker. The fund also includes select affiliates such as Doosan Tesna (5.50%), a system semiconductor testing specialist; Doosan Fuel Cell (4.40%), operating in the hydrogen fuel cell sector; and Doosan Bobcat (3.70%), the world's No. 1 compact construction equipment maker.
The 10% universe of stocks serving as additional growth drivers was selected based on order contracts with Doosan Group, memorandums of understanding (MOUs), and key sales and procurement relationships. These consist of core partners in each field — Woori Technology, Neuromeka, Samsung Electronics, HD Hyundai Construction Equipment, Iljin Hysolus, and Pharmicell — reflecting the trickle-down effect of growth across the Doosan value chain.
"Doosan Group stocks have achieved a remarkable transformation, moving beyond traditional industry into future-leading sectors of the semiconductor value chain, advanced robots, and next-generation energy," said Choi Hong-seok, head of the ETF Solutions Division at Woori Asset Management. "This Doosan Group Focus ETF is an attractive investment vehicle that can simultaneously capture the strong benefits of the semiconductor, nuclear power, and robotics sectors, which will establish themselves as long-term megatrends."
