Shinhan Asset Management Launches New 'SOL KOSDAQ150 ETF' Listing

Semiconductor, Secondary Battery, and Other Growth Industry-Focused Stock Composition
Plans to Continuously Expand Representative Index Lineup for Future Asset Allocation Strategies

[Asia Economy Reporter Kwangho Lee] Shinhan Asset Management will list the ‘SOL KOSDAQ150’ Exchange Traded Fund (ETF) on the Korea Exchange on the 31st.

Junghyun Kim, Head of the ETF Management Center at Shinhan Asset Management, stated, “By listing the SOL KOSDAQ150 ETF, which tracks the representative index of the KOSDAQ market, we have established a lineup of representative indices that can cover the domestic market along with the existing SOL 200TR ETF. The KOSDAQ market consists of stocks with promising growth potential such as bio, secondary batteries, and media & entertainment sectors. Since individual stocks tend to have high volatility, if selecting individual stocks is challenging, investing in representative indices is effective,” he said.

The KOSDAQ150 index, tracked by the ‘SOL KOSDAQ150 ETF,’ is composed of 150 stocks selected from the KOSDAQ market considering industry group, market capitalization, and liquidity, with the weights of the stocks determined by a free-float market capitalization weighting method.

The KOSDAQ market actively lists companies related to Korea’s representative industries such as semiconductors and emerging growth industries like secondary batteries. More than 100 stocks are newly listed every year, serving as a capital-raising channel for companies.

The KOSDAQ150 index is composed of IT hardware (23.5%), healthcare (17.7%), IT software (8.9%), among others, with top market capitalization companies including Celltrion Healthcare, EcoPro BM, L&F, HLB, and Kakao Games.

Kim said, “We plan to continuously expand the lineup of representative indices so that asset allocation strategies can be executed using only SOL ETFs in the future.”

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