NEW
YORK, Feb. 5, 2025 /PRNewswire/ -- Exchange
Traded Concepts (ETC), a leader in providing innovative ETF
solutions, has announced the U.S. launch of Hanwha Asset
Management's PLUS Korea Defense Industry Index ETF (KDEF).
KDEF is designed to offer exposure to Korea's advanced
defense sector, closely aligning with the PLUS K-Defense Fund in
Korea by leveraging similar methodologies to provide seamless
access for U.S. investors.
The KDEF ETF seeks to track the performance of companies
driving Korea's defense innovations. The fund focuses on a
carefully curated index of firms engaged in defense manufacturing,
technology, and services critical to national security and global
competitiveness.
"We are elated to partner with Hanwha Asset Management to bring
the PLUS Korea Defense Industry Index ETF (KDEF) to the U.S.
market," says J. Garrett Stevens CEO of Exchange Traded Concepts.
"This launch represents an exciting expansion of Hanwha's Plus
K-Defense ETF in the US. We are committed to helping innovative
investment strategies reach new investors, and we're proud to
support the introduction of KDEF."
"We are enthusiastic to introduce the PLUS Korea Defense
Industry Index ETF (KDEF) to the U.S. market. Expanding on the
foundation of our Plus K-Defense ETF listed in Korea, this launch
represents an opportunity to provide U.S. investors with exposure
to Korea's defense industry. We appreciate the support of Exchange
Traded Concepts in bringing this ETF to the NYSE Arca", says Hanwha
CEO, Kim Jong-ho.
About Exchange Traded Concepts (ETC)
Exchange Traded Concepts is an SEC-registered independent
investment adviser that specializes in white-label ETFs and offers
ETF services spanning ETF-in-a-Box and sub-advisory to fund
marketing and consulting. ETC provides the trust, board, and
decades of experience to offer asset managers (hedge, SMAs, mutual)
and others an efficient, cost-effective means to leverage the
benefits of the ETF wrapper. Learn more
at exchangetradedconcepts.com.
About Hanwha Asset Management.
Hanwha Asset Management
is a leading asset management firm in Korea, offering a
comprehensive range of investment products across equities, fixed
income, alternatives, and multi-asset strategies in both domestic
and global markets. Guided by a customer-first philosophy, they are
committed to delivering innovative investment solutions backed by
best-in-class expertise, rigorous research, and robust risk
management. In addition to fund management, their capabilities
extend to product development, compliance, and market analysis,
ensuring a comprehensive approach to asset management.
KDEF is now listed on the NYSE Arca and available for trading.
For more information, visit www.plusetf.com.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 1-855-900-0030 or visit our website at
www.plusetf.com. Read the prospectus or summary prospectus
carefully before investing.
The Fund is distributed by Foreside Fund Services, LLC and
Exchange Traded Concepts, LLC serves as the investment advisor of
the funds. Foreside Fund Services, LLC is not affiliated with
Exchange Traded Concepts, LLC or any of its affiliates.
Risk Disclosures:
Investing involves risk, including possible loss of principal.
There is no guarantee the Fund will achieve their stated
objectives. In addition to the normal risks associated with
investing, international investments may involve the risk of
capital loss from unfavorable fluctuation in currency values,
differences in generally accepted accounting principles or social,
economic or political instability in other nations. Emerging
markets involve heightened risks related to the same factors as
well as increased volatility and lower trading volume. The Fund's
concentration in an industry or sector can increase the impact of,
and potential losses associated with, the risks from investing in
those industries/sectors.
The Fund's concentration in a single country or a limited number
of countries will increase the impact of, and potential losses
associated with, the risks from investing in those countries.
The Fund is non-diversified. The Fund is new and has a limited
operating history for investors to evaluate. A new and smaller fund
may not attract sufficient assets to achieve investment and trading
efficiencies. In addition to the normal risks associated with
investing, investments in smaller companies typically exhibit
higher volatility.
The Fund may invest in securities denominated in foreign
currencies. Because the Fund's NAV is determined in U.S. dollars,
the Fund's NAV could decline if currencies of the underlying
securities depreciate against the U.S. dollar or if there are
delays or limits on repatriation of such currencies. Currency
exchange rates can be very volatile and can change quickly and
unpredictably.
The Fund is a recently organized investment company with no
operating history. As a result, prospective investors have no track
record or history on which to base their investment decision.
Moreover, investors will not be able to evaluate the Fund against
one or more comparable funds on the basis of relative performance
until the Funds has established a track record.
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SOURCE Exchange Traded Concepts, LLC
