Shinhan Asset Management Launches Two 'SOL Korean-Style Global Active ETFs'

[Asia Economy Reporter Hwang Yoon-joo] Shinhan Asset Management has launched exchange-traded fund (ETF) products that allow investment in both domestic and overseas companies.

Shinhan Asset Management announced that the 'SOL Korean-style Global Electric Vehicle & Secondary Battery Active' and 'SOL Korean-style Global Platform & Metaverse Active' ETFs will be listed on the Korea Exchange on the 14th.

The SOL Korean-style Global Electric Vehicle & Secondary Battery Active ETF is an ETF that invests comprehensively in the electric vehicle industry, including secondary batteries. Electric vehicle-related stocks include global automakers such as Tesla, Rivian, and Lucid, as well as China's BYD and NIO, which hold the number one market share in the global electric vehicle market.

Additionally, it includes the three major domestic battery manufacturers (LG Energy Solution, SK Innovation, Samsung SDI), which occupy about 30% of the global market, secondary battery manufacturers such as CATL, and electric vehicle electronic component companies like NVIDIA, Qualcomm, and AMD.

The SOL Korean-style Global Platform & Metaverse Active ETF invests in Korean and global leading companies that are pioneering changes in the internet industry based on Web 3.0. Under the Web 3.0 environment characterized by 'decentralization' and 'individual content ownership,' platform companies are expanding their business areas into the metaverse to produce and consume multidimensional content based on vast personal information and data.

The current platform market has a structure where only a few leading companies that have secured the market survive due to the network effect, where influence increases exponentially with the number of participants.

The constituent stocks include American platform companies such as Meta Platforms, Amazon, and Google (Alphabet), Chinese companies Tencent and Alibaba, and Korean companies Naver and Kakao. It also includes domestic game companies like Wemade and Pearl Abyss, which produce metaverse content.

The SOL Korean-style Global Active ETF series is a product managed with an active strategy by selecting industries where domestic companies have 'competitiveness' among global themes expected to have 'long-term growth.' It is the only domestic ETF that implements a combination of domestic and overseas stocks in semiconductors (NVIDIA + Samsung Electronics), electric vehicles & secondary batteries (Tesla + LG Energy Solution), and platform & metaverse (Google + Naver), allowing investors to invest in leading companies both domestically and internationally at once without worrying about portfolio composition related to these themes.

Kim Jung-hyun, head of the ETF Management Center, said, "The SOL Korean-style Global Active ETF is suitable for investors who want to invest in the long-term growth of industries while avoiding excessive volatility and seeking relative stability," adding, "This is because it is a product that diversifies investment across various countries and stocks compared to similar theme products already available in the market."

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