SOL Chosun TOP3 Plus Leverage ETF Surpasses 150 Billion KRW in Net Assets

Shinhan Asset Management announced on August 8 that the 'SOL Chosun TOP3 Plus Leverage ETF' recorded a return of approximately 50% just three weeks after its listing on July 15.

The 'SOL Chosun TOP3 Plus ETF', which tracks the same index at a 1x rate, also rose more than 26.10% during the same period.

The net asset value of the SOL Chosun TOP3 Plus Leverage ETF has surpassed 150 billion KRW. Net purchases by individual investors reached 47 billion KRW. The fund invests in Korea's leading three shipbuilding companies, including HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean, as well as shipbuilding equipment companies. It tracks twice the daily return of the 'FnGuide Chosun TOP3 Plus' index, which invests across the entire value chain of the shipbuilding industry. This is the third industry-themed leverage ETF in the Korean ETF market, following those in the semiconductor and secondary battery sectors.

Kim Junghyun, Head of the ETF Business at Shinhan Asset Management, explained, "This product meets the investment demand of those seeking to capture aggressive upward momentum, driven by expectations for structural growth in shipbuilding stocks that go beyond traditional cyclical sectors." He added, "The entry into a supercycle for the shipbuilding industry, earnings surprises from major companies, and the recent tariff negotiations with the United States, as well as the MASGA project issue, have all contributed. Given the heightened short-term volatility in shipbuilding stocks at this point, we believe this is a favorable period to utilize a leverage ETF as part of a trading strategy."

The MASGA (Make American Shipbuilding Great Again) project is a 150 billion USD Korea-US shipbuilding cooperation plan proposed by the Korean government during tariff negotiations with the United States. The project is expected to play a key role in expanding global partnerships for Korea's shipbuilding industry and increasing market share in the United States.

Kim further stated, "Korea's shipbuilding industry is currently experiencing structural growth factors such as demand for replacing aging vessels, a shift to eco-friendly ships, and an increase in orders for special defense vessels, with the MASGA project serving as a major positive catalyst." He advised, "Responding with investment in the SOL Chosun TOP3 Plus ETF, while simultaneously utilizing the SOL Chosun TOP3 Plus Leverage ETF for trading during periods of increased short-term volatility, will be an effective strategy."