Shinhan Asset Management's SOL Chosun TOP3 Plus Hits New High... "59% Return Since Early Year"

Shinhan Asset Management announced on the 24th that the ‘SOL Shipbuilding TOP3 Plus’ exchange-traded fund (ETF), which focuses on leading domestic shipbuilders and shipbuilding equipment companies, surpassed its previous high at the end of last month and recorded a new all-time high once again. The year-to-date return of the SOL Shipbuilding TOP3 Plus ETF is 59.73%.

Kim Jeong-hyun, head of the ETF Business Division at Shinhan Asset Management, said, “Unlike the domestic market’s excessive underperformance compared to major global stock markets this year, the shipbuilding sector has continued its rally since the end of last year. Despite being the final term of the Biden administration, the bipartisan proposals indicate that important opportunities for the domestic shipbuilding industry can be found in the second Trump administration, and shipbuilding is expected to establish itself as a major sector in the domestic stock market in 2025.”

The SHIPS for America Act, aimed at the prosperity and security of the United States’ shipbuilding and port facilities, includes measures such as ‘strengthening the U.S. shipbuilding base and reducing dependence on China,’ ‘expanding U.S.-flagged merchant ships,’ ‘revising tax rates related to ship repairs,’ and ‘enhancing cooperation with allied countries.’ This bill was proposed to revitalize the U.S. shipbuilding industry, strengthen national security, and reduce reliance on China. Considering the policy direction of the second Trump administration, it is highly likely that the bill will be reintroduced and discussed next year.

The SOL Shipbuilding 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. Additionally, 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, Hilock Korea, and Sejin Heavy Industries.

Since the beginning of the year, the ETF has consistently attracted attention from both individual and institutional investors. The net purchase amount by individual investors since the start of the year was 177.8 billion KRW, the highest among domestic thematic stock ETFs. Supported by this, the net asset size has grown to 456.4 billion KRW, more than 28 times the 16.2 billion KRW recorded last year.

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