Hana Asset Management's four exchange-traded funds (ETFs) tracking major U.S. indices have surpassed a combined 1 trillion won in net assets. Amid sustained investment demand for U.S. equities, bond-mixed ETFs eligible for use in retirement pension accounts are seen as having driven the inflows.
Hana Asset Management said Thursday that the combined net asset value of its four ETFs investing in major U.S. indices reached 1.0431 trillion won as of the end of last month. The products include "1Q U.S. S&P500," "1Q U.S. NASDAQ100," "1Q U.S. S&P500 U.S. Treasury Mixed 50 Active," and "1Q U.S. NASDAQ100 U.S. Treasury Mixed 50 Active."
The "1Q U.S. S&P500" tracks the Standard & Poor's 500 index, comprising 500 large-cap U.S. blue-chip stocks, while the "1Q U.S. NASDAQ100" tracks the technology-heavy NASDAQ 100 index. The net assets of the two products stood at 308.9 billion won and 181.3 billion won, respectively.
Growth in the bond-mixed ETFs was also notable. The net assets of "1Q U.S. S&P500 U.S. Treasury Mixed 50 Active" and "1Q U.S. NASDAQ100 U.S. Treasury Mixed 50 Active" reached 286 billion won and 266.9 billion won, respectively.
These products are "second-generation bond-mixed ETFs" reflecting the retirement pension supervisory regulations revised in 2023. They incorporate up to 50% exposure to major U.S. indices while being classified as lower-risk products, allowing 100% allocation in retirement pension accounts (DC and IRP) and personal pension accounts.
Under current regulations, retirement pension accounts can invest up to 70% of reserves in risk assets such as stocks. Bond-mixed ETFs, however, are classified as non-risk assets, enabling investors to efficiently utilize their risk-asset limits while increasing exposure to major U.S. indices.
"Pension investors' use of ETFs is rapidly expanding, backed by the convenience of real-time trading, low fees, and high operational transparency," Hana Asset Management CEO Kim Tae-woo said. "We plan to continue introducing diverse products tailored to the portfolio demands of pension investors."
