SOL Joseon TOP3 Plus ETF Surpasses 1 Trillion Won in Net Assets

Shinhan Asset Management announced on June 18 that the net assets of its SOL Joseon TOP3 Plus ETF have surpassed 1 trillion won.

Since its listing in October 2023, the ETF's net assets grew to 480 billion won by the end of last year, and have more than doubled in just about half a year.

Kim Junghyun, Head of the ETF Business Division at Shinhan Asset Management, stated, "SOL ETF has pursued 'narrative-driven investment,' focusing on industries and themes that are both relatable to investors and can be verified by performance."

He added, "SOL Joseon TOP3 Plus is the best example of this philosophy," and explained, "We launched the product at a time when the performance turnaround of major domestic shipbuilders was becoming visible." He further emphasized, "The turnaround to profitability in the shipbuilding industry, earnings surprises, strengthened cooperation with the United States, and increased demand for special-purpose ships have all contributed to positive momentum, which has led to strong investor resonance with the mid- to long-term growth story."

The SOL Joseon TOP3 Plus ETF began to attract significant attention as major shipbuilders returned to profitability and entered a supercycle. Last year, it recorded a return of 60.78%, ranking first among domestic equity ETFs in terms of performance. Considering that the KOSPI fell by -9.63% during the same period, the ETF's return far outperformed the market.

This upward trend has continued into this year. Over the past three months, six months, and since the beginning of the year, the ETF has posted returns of 38.07%, 93.24%, and 77.48%, respectively. Since its listing, its cumulative return has reached 196.82%.

Kim stated, "We are focusing the company's capabilities on providing timely products tailored to market conditions based on a variety of macroeconomic indicators, so that they can serve as a means for investors to grow their assets."

The SOL Joseon TOP3 Plus ETF is a product that enables concentrated investment in the domestic shipbuilding industry. It includes the three major shipbuilders?HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries?as well as HD Hyundai Mipo Dockyard and HD Hyundai Heavy Industries, with shipbuilding companies accounting for more than 80% of the portfolio. The ETF invests in a total of 13 stocks, including major shipbuilding equipment companies such as HD Hyundai Marine Solution, Hanwha Engine, Korea Carbon, HD Hyundai Marine Engine, Sungkwang Bend, Dong Sung FineTec, Hyundai Himsen, and STX Engine.