ZUG/SEOUL (July 29, 2025) — NH-Amundi, the Korean asset manager jointly owned by NongHyup Financial Group and Amundi, the leading European asset manager[1], today announced a new collaboration with STOXX, a leading European provider of benchmark and custom index solutions, to launch the HANARO Europe Defense ETF in the Korean market.
The new NH-Amundi ETF listed on the Korea Stock Exchange today, following Amundi’s successful equivalent ETF listings on major European stock exchanges earlier this year, making it accessible to a wider audience of professional and private investors. The ETF tracks the STOXX® Europe Total Market Defense Capped index, which selects European companies[2] in ICB’s Aerospace and Defense Sector whose revenues are aligned with the military re-equipment theme of the European Union. The launch comes amid surging interest from investors in European equities[3], and as the continent undertakes a historic upgrade of its military capabilities.
“Our collaboration with Amundi, Europe’s premier ETF manager[4], has been instrumental in bringing a European defense industry ETF to the Korean market with unprecedented speed,” said Jung-Sup Gill, CEO of NH-Amundi Asset Management. “The Amundi and STOXX co-developed index is a key constituent in the European defense-related investment landscape. With Korean investor interest in European defense enhancement surging, we are proud to offer this ETF, providing crucial and timely investment access.”
“European defense is proving to be one of the standout investment themes in 2025, with demand coming not just from local investors but from those in Asia too,” said Axel Lomholt, General Manager at STOXX. “We are excited to continue building on this interesting offering with NH-Amundi.”
The offering showcases STOXX’s innovative customization capabilities in index construction, where different thematic and sector selection approaches can be utilized to meet investor demand.
About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. stoxx.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,800 professionals operating across 30 global locations in 20 countries. Its approximately 5,500 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
Legal disclaimer:
STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers.
[1] Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as at 31/12/2023.
[2] The starting universe is the STOXX® Europe Total Market index.
[3] A net EUR 54 billion was invested in EMEA-focused equity ETFs in the first six months of 2025, according to STOXX data, more than 10 times the amount for all of 2024.
[4] Source: Based on ETFGI data as at end July 2023, Amundi ETF is the leading European headquartered ETF provider within the European market.
NH-Amundi and STOXX Collaborate to Launch ETF in Korea Investing in the European Defense Sector
ZUG/SEOUL (July 29, 2025) — NH-Amundi, the Korean asset manager jointly owned by NongHyup Financial Group and Amundi, the leading European asset manager[1], today announced a new collaboration with STOXX, a leading European provider of benchmark and custom index solutions, to launch the HANARO Europe Defense ETF in the Korean market.
The new NH-Amundi ETF listed on the Korea Stock Exchange today, following Amundi’s successful equivalent ETF listings on major European stock exchanges earlier this year, making it accessible to a wider audience of professional and private investors. The ETF tracks the STOXX® Europe Total Market Defense Capped index, which selects European companies[2] in ICB’s Aerospace and Defense Sector whose revenues are aligned with the military re-equipment theme of the European Union. The launch comes amid surging interest from investors in European equities[3], and as the continent undertakes a historic upgrade of its military capabilities.
“Our collaboration with Amundi, Europe’s premier ETF manager[4], has been instrumental in bringing a European defense industry ETF to the Korean market with unprecedented speed,” said Jung-Sup Gill, CEO of NH-Amundi Asset Management. “The Amundi and STOXX co-developed index is a key constituent in the European defense-related investment landscape. With Korean investor interest in European defense enhancement surging, we are proud to offer this ETF, providing crucial and timely investment access.”
“European defense is proving to be one of the standout investment themes in 2025, with demand coming not just from local investors but from those in Asia too,” said Axel Lomholt, General Manager at STOXX. “We are excited to continue building on this interesting offering with NH-Amundi.”
The offering showcases STOXX’s innovative customization capabilities in index construction, where different thematic and sector selection approaches can be utilized to meet investor demand.
About STOXX
STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. stoxx.com
About ISS STOXX
ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,800 professionals operating across 30 global locations in 20 countries. Its approximately 5,500 clients include many of the world’s leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX’s expertise to help them make informed decisions to benefit their stakeholders.
Media Contact:
Sarah Ball
Executive Director, Communications
press@iss-stoxx.com
Legal disclaimer:
STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers.
[1] Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as at 31/12/2023.
[2] The starting universe is the STOXX® Europe Total Market index.
[3] A net EUR 54 billion was invested in EMEA-focused equity ETFs in the first six months of 2025, according to STOXX data, more than 10 times the amount for all of 2024.
[4] Source: Based on ETFGI data as at end July 2023, Amundi ETF is the leading European headquartered ETF provider within the European market.
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