Hanwha Asset’s ETF debuts on Korean stock exchange

2024.03.26 15:08:02 | 2024.03.26 15:08:45

[Courtesy of Hanhwa asset management]이미지 확대

[Courtesy of Hanhwa asset management]

Hanwha Asset Management Co. announced on Tuesday that it has listed the Arirang Money Market Active exchange-traded fund (ETF) on the main Kospi market.

The new ETF resembles the structure of ultra-short-term money market funds (MMFs) but it possesses operational autonomy as it applies relaxed financial regulations in terms of asset inclusion and liquidity ratios.

The expected annual rate of return stands at about 4 percent.

By Pulse

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