Shinhan Asset Management's 'SOL Chosun TOP3 Plus' Surpasses 400 Billion KRW in Net Assets

Shinhan Asset Management announced on the 13th that the net assets of the ‘SOL Joseon TOP3 Plus’ Exchange Traded Fund (ETF) have surpassed 400 billion KRW. Along with the strong performance of the domestic shipbuilding industry and positive factors such as cooperation expectations following statements by then U.S. President-elect Trump, the net assets, which were only 16.2 billion KRW at the end of last year, have rapidly increased within a year.

Since the beginning of the year, both individual and institutional investors have consistently shown interest, with individual investors particularly focusing on purchasing SOL Joseon TOP3 Plus. The net purchase amounts by individual investors over the past 1 month, 3 months, and 6 months were 34.9 billion KRW, 24.6 billion KRW, and 105.6 billion KRW, respectively. The net purchase amount by individual investors over the past year, 174.8 billion KRW, ranks first among domestic equity ETFs.

Along with the strong performance of the shipbuilding industry, the ETF’s returns have also outperformed the market. The returns over the past 1 month, 3 months, 6 months, and year-to-date were 1.76%, 21.31%, 35.18%, and 47.13%, respectively.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, said, “Shipbuilding stocks are currently recognized as representative performance stocks in the market, and the shipbuilding sector has often strongly rebounded after corrections this year. This time as well, SOL Joseon TOP3 Plus rose more than 10% within three trading days following a significant market decline,” adding, “The domestic shipbuilding industry is continuing its upward cycle and has emerged as a key beneficiary industry after the election of U.S. President Trump, so it is necessary to maintain steady interest even during market downturns.”

The SOL Joseon TOP3 Plus ETF is an ETF that allows concentrated investment in the domestic shipbuilding industry, with over 80% of its holdings in the three major shipbuilders: HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean, as well as HD Hyundai Mipo Dockyard and HD Hyundai Heavy Industries. In addition, it invests in a total of 13 stocks including equipment companies such as HD Hyundai Marine Solutions, Hanwha Engine, Korea Carbon, HD Hyundai Marine Engine, Dong Sung Fine Tec, Taekwang, Hi-Lok Korea, and Sejin Heavy Industries.

Kim emphasized, “Since Trump’s election, key investment points include domestic shipbuilders’ North American LNGC orders, U.S. naval vessel MRO (maintenance, repair, and operations) business and global naval vessel project orders, and the spillover benefits from sanctions on the Chinese shipbuilding industry,” adding, “Shipbuilding remains an essential sector to include in investment portfolios in 2025, and for investors who are concerned about the volatility of individual stocks, using ETFs is recommended.”

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