Frankfurt (25 January 2022) – MV Index Solutions GmbH (MVIS®) today announced the licensing of the MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) to Hanwha Asset Management, a leading Korean asset management company that offers a full range of financial investment products.

The MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) tracks the performance of the largest and most liquid companies in the global rare earth and strategic metals segment. Its unique pure-play approach requires that companies have to generate at least 50% of their revenues from rare earth and strategic metals or with mining projects that have the potential to generate at least 50% of their revenues from rare earth/strategic metal when developed. The index includes refiners, recyclers and producers of rare earth strategic metals and minerals.

“We are proud to see our strategic partnership with Hanwha be realized with the launch of the Hanwha ARIRANG Global Rare Earth & Strategic Metals Company MV ETF listed on the Korean Exchange,” said Steven Schoenfeld, CEO of MV Index Solutions. “We are confident that this launch is just the beginning of a range of innovative new ETFs to be launched by Hanwha that track MV Index Solutions indexes,” he continued.

"Hanwha ARIRANG Global Rare Earth & Strategic Metals Company MV ETF (KS: 415920) is the first ETF in Korea, mainly investing in rare earth and strategic metals. With a partnership with MVIS, investors can easily invest in major companies that consider the Net Zero Era and next leading industries. Hanwha will continue to strive to provide investment opportunities by discovering various growth themes in the future,” said Hanwha Asset Management.

The MVIS Global Rare Earth/Strategic Metals Index (ticker: MVREMX) is weighted by free float market capitalisation and is calculated in USD as a price index and a total return net index. The index is reviewed on a quarterly basis. Capping factors are applied to avoid overweighting of single index components. Detailed information about each index is available on MV Index Solutions website.


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