Hanwha Asset Management said Tuesday that the net asset value of its "Hanwha K-Manufacturing Core PLUS Fund" has surpassed 100 billion won ($73 million).
According to Korea Fund Rating's FundSquare, the fund's net asset value stood at 123.4 billion won as of Friday. The milestone comes about a month after the fund's launch on March 23 this year.
The Hanwha K-Manufacturing Core PLUS Fund invests across Korea's strategic manufacturing sectors, including semiconductors and energy, which are essential for the expansion of the artificial intelligence (AI) industry, as well as defense, shipbuilding, space, robotics, critical minerals, and biotech.
The inflow is seen as reflecting investor interest in the reshaping of the global manufacturing supply chain, which is increasingly centered on the United States.
Rather than concentrating on a specific sector, the product broadly covers core manufacturing areas expected to benefit from shifts in the industrial order, including AI proliferation, the energy transition, geopolitical changes, and global supply chain realignment. The management strategy is designed to flexibly adjust the weighting of promising sectors and stocks depending on market conditions.
The fund focuses on two main pillars: "AI hardpower" and "national strategic industries." The AI hardpower segment is built around semiconductors, energy storage systems (ESS), power equipment, nuclear power, and solar-related sectors, which are expected to benefit from expanded AI data center investment and growing demand for power infrastructure.
The national strategic industries segment includes defense, robotics, space, critical minerals, shipbuilding, and biotech — sectors with high potential to benefit from the restructuring of U.S. manufacturing and the build-out of supply chains centered on industrial security.
Major holdings include Samsung Electronics (005930.KS), SK hynix (000660.KS), Seojin System (178320.KQ), Doosan (000150.KS), Hanwha Vision (032500.KQ), Hanwha Solutions (009830.KS), LG Energy Solution (373220.KS), LS (006260.KS), LS ELECTRIC (010120.KS), and Hanwha Aerospace (012450.KS).
Returns have also been solid. According to Hanwha Asset Management, the fund posted a return of 26.15% since its launch as of Friday.
"The new Cold War era is not a matter that will end in a day or two but will continue for decades to come," Choi Young-jin, vice president of Hanwha Asset Management, said. "The Hanwha K-Manufacturing Core PLUS Fund quickly reflects these market changes and brings together in a single product the core areas of Korean manufacturing that have structural competitiveness and the potential to benefit from the global supply chain realignment."
