A Korean sponsor, a U.S. launch and now a listing in Abu Dhabi: ETC completes the cross-listing of Hanwha Asset Management’s KDEF and KMCA.
OKLAHOMA CITY, Nov. 2, 2026 /PRNewswire/ — Exchange Traded Concepts (ETC), a white-label ETF platform, today announced the cross-listing of two ETFs it advises for Hanwha Asset Management on the Abu Dhabi Securities Exchange (ADX). The PLUS Korea Defense Industry Index ETF (Ticker: KDEF) and the PLUS Korea Manufacturing Core Alliance Index ETF (Ticker: KMCA) began trading on ADX on November 2, 2026, alongside their primary listings in the United States. The listing puts both funds in a third market.
Hanwha Asset Management, one of South Korea’s largest asset managers, brought its PLUS ETF strategies to U.S. investors on ETC’s platform, launching KDEF in February 2025 and KMCA in May 2026. ETC then managed the work of extending them to Abu Dhabi, coordinating with ADX, market maker Oceane and legal representative Waystone on the listing requirements.
“Hanwha came to us to launch in the U.S., and as their ambitions grew, we were able to grow with them,” said Garrett Stevens, Co-Founder and Chief Business Officer of Exchange Traded Concepts. “Cross-listing involves a different exchange, a different regulator and a different set of partners. Our job is to simplify that for our clients so they can focus on their strategies. We’re proud of our partnership with Hanwha and glad to be the team that took KDEF and KMCA to Abu Dhabi.”
KDEF tracks an index of Korea-listed aerospace and defense companies, while KMCA tracks an index of 35 Korea-listed companies across six manufacturing sectors, including AI semiconductors, shipbuilding, and power grid and nuclear energy.
“ETC has been a strong partner since our first U.S. launch,” said Young-Jin Choi, Chief Marketing Officer & Chief Digital Asset Officer, Hanwha Asset Management. “Their ability to support us beyond a single market made the move to Abu Dhabi straightforward, and we look forward to what comes next together.”
For asset managers outside the United States, the listing shows what ETC’s platform can support: a sponsor in one country, a fund launched in a second and a listing added in a third.
About Exchange Traded Concepts
Exchange Traded Concepts, LLC is an SEC-registered investment adviser specializing in white-label ETFs, sub-advisory, portfolio management, fund marketing and consulting services. ETC works with asset managers to bring ETF strategies to market. Registration with the SEC does not imply a certain level of skill or training.
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SOURCE Exchange Traded Concepts, LLC
