Hyundai Motor’s hydrogen charging station at an expressway service area. (image: Hyundai Motor)
SEOUL, Feb. 16 (Korea Bizwire) — Asset management companies in South Korea have released a string of exchange traded funds (ETFs) with a focus on investment in global hydrogen companies.
KB Asset Management Co., an asset management arm of KB Financial Group Inc., said Tuesday that it listed the KBSTAR Global Hydrogen Economy Indxx in the securities market.
This EFT tracks the Indxx Hydrogen Economy Index, while investing in the world’s top 30 stocks in the hydrogen value chain industry.
On the same day, Hanwha Asset Management Co. listed the ARIRANG Global Hydrogen & Next-Generation Fuel Cell MV in the securities market.
This ETF invests in companies that generate more than 50 percent of their revenue from hydrogen or hydrogen fuel cell projects. It’s designed to invest more intensively in fuel cell-related companies.
Korea Investment Management Co. also rolled out a mobility-themed ETF called KINDEX G2 EV & Self-Driving Active EFT that invests in companies developing electric vehicles, hydrogen vehicles and self-driving technology in the U.S. and China.
Kevin Lee (kevinlee@koreabizwire.com)
