Shinhan Asset Management's 'SOL Joseon TOP3 Plus' Surpasses 150 Billion KRW in Net Assets

Shinhan Asset Management announced on the 3rd that the net assets of the ‘SOL Joseon TOP3 Plus’ exchange-traded fund (ETF) increased by more than 50 billion KRW in just two weeks, surpassing 150 billion KRW.

Positive outlooks on the overall shipbuilding sector continue to emerge, benefiting from favorable industry conditions, the rise in the KRW-USD exchange rate, and spillover effects from the US-China trade conflict. The net assets of SOL Joseon TOP3 Plus, which stood at 16.2 billion KRW at the end of last year, have grown nearly tenfold in four months, with individual investors’ net purchases reaching 50 billion KRW during this period.

Amid the shipbuilding stock rally, the SOL Joseon TOP3 Plus ETF has also posted strong returns. Its returns over the past 1 month, 3 months, 6 months, and year-to-date are 13.8%, 24.70%, 31.47%, and 12.37%, respectively, significantly outperforming the KOSPI across all periods.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, said, “In the first quarter of this year, Korea’s top three shipbuilders?HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean?recorded simultaneous profits for the first time in 13 years, raising expectations for the third supercycle.” He added, “The SOL Joseon TOP3 Plus ETF allocates more than 60% of its investments to these three shipbuilders and constructs its portfolio solely with shipbuilders and shipbuilding equipment companies, making it an optimal product to ride the shipbuilding stock rally.”

The SOL Joseon TOP3 Plus ETF is the only domestic ETF focused on shipbuilding, with over 80% of its holdings in the three major shipbuilders?Samsung Heavy Industries, HD Hyundai Heavy Industries, and Hanwha Ocean?as well as HD Hyundai Mipo Dockyard. It also invests in a total of 12 stocks, including equipment companies such as Hanwha Engine, Korea Carbon, Dongsung FineTec, Taekwang, and Sungkwang Bend.

Kim emphasized, “According to industry experts, the overall large shipbuilding stocks are positive due to improving earnings and order expectations. Using ETFs is also a good way to mitigate the volatility risk of individual stocks.”

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