Exchange to list 'SOL Hanguk-type Global Semiconductor Active ETF' on the 12th

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[Asia Economy Reporter Myunghwan Lee] The Korea Exchange announced on the 8th that Shinhan Asset Management's 'SOL Korean-style Global Semiconductor Active' Exchange-Traded Fund (ETF) is scheduled to be listed on the KOSPI market on the 12th.

The SOL Korean-style Global Semiconductor Active ETF is a product that invests in the semiconductor industry. It is the first active-type product to simultaneously invest in both Korean and global companies, as well as in both memory and non-memory sectors. It invests by mixing Korean companies (about 20%) and global companies (about 80%). The Exchange explained that this product is expected to contribute to the diversification of the ETF lineup.

However, the Exchange added that due to management costs and changes in constituent stocks, discrepancies may occur between the index performance and the management performance, so it is necessary to accurately understand the unique product structure such as the underlying index. Active ETFs may have varying management performance depending on management ability and can experience significant tracking errors. In addition to the total expense ratio, other costs such as underlying index usage fees, trading costs, and audit fees may be incurred, so caution is advised.

To assist investor understanding, the Exchange plans to provide the daily paid asset composition details on KOSCOM's check terminals, the Exchange, and the asset management company's ETF websites.

This content was produced with the assistance of AI translation services.