Launch of SOL Korean AI Software ETF and Growth of Domestic AI Market
Shinhan Asset Management is spearheading direct investment into domestic AI software companies with the launch of the 'SOL Korean AI Software ETF'. This ETF prominently features Korean titans like Kakao and Naver, constituting 50% of its investment portfolio. The remaining 50% is diversified across various software companies, including Samsung SDS and Kakao Pay.
The government plans to triple the AI budget next year to usher in the 'Era of AI for All'. This policy supports the development of AI infrastructure and aims to bolster the role of private enterprises. The Sovereign AI model will be utilized to enhance public-private collaboration, aligning with Shinhan Asset Management’s ETF initiation, thus amplifying its market significance.
The launch marks Shinhan Asset Management's debut into the AI software-focused ETF sector, propelled by governmental policies aiming to position the country as one of the three major AI powers. This move indicates Shinhan Asset Management’s strategy to anchor itself at the heart of AI industry growth, providing investors with new opportunities driven by advancements in domestic AI capabilities.
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Shinhan Asset Management Launches SOL Korea AI Software ETFShinhan Asset Management announced on the 22nd that it will list the 'SOL Korea AI Software ETF (Exchange Traded Fund)' on the Korea Exchange (KOSPI) market on the 23rd. This ETF is a thematic ETF that allows focused investment in domestic AI (Artificial Intelligence) software companies. Around 50% of the entire portfolio consists of Naver and Kakao, with the remaining comprised of 15 stocks including Samsung SDS, KakaoPay, LG CNS, Douzone Bizon, Selvas AI, Konantechnology, Cafe24, and Polaris Office. Recently, the government announced a vision called the 'Era of AI for Everyone', aiming to become one of the top 3 global AI powerhouses.
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Shinhan Management Launches Korea's First AI Software Stock Investment ETF - SBS BizShinhan Asset Management will list the 'SOL Korea AI Software' Exchange Traded Fund (ETF), which focuses on investing in Kakao and Naver, on the stock exchange tomorrow (23rd). The 'SOL Korea AI Software ETF' is the first thematic ETF that allows focused investment in domestic AI software companies. Kakao and Naver make up about 50% of the entire portfolio...
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Shinhan Investment Management Launches Korea's First 'Korea AI Software ETF' - Seoul Economic DailySecurities > Policy News: Shinhan Asset Management announced on the 22nd that it would list the 'SOL Korea AI Software Exchange Traded Fund (ETF)' investing in domestic AI software companies on the 23rd...
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Shinhan Asset Management Launches Korea's First AI Software Themed ETF - Yonhap InfomaxShinhan Asset Management is introducing the first exchange-traded fund (ETF) to invest in domestic artificial intelligence (AI) software companies. On the 22nd, Shinhan announced that it will list the themed ETF 'SOL Korea AI Software', which focuses on investing in Korean AI software companies, on the 23rd. Shinhan Asset Management expects the ETF to serve as a vehicle for investing in key companies amid expanding government-led policy investments aiming for Korea to become one of the top three global AI powerhouses. It is particularly expected that Naver and Kakao will participate as core implementers in the infrastructure phase of sovereign AI, facilitated by government and private sector cooperation.
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Shinhan Asset Management Launches Korea's First 'SOL Korea AI Software ETF' - Metro NewspaperShinhan Asset Management is introducing Korea's first exchange-traded fund (ETF) focused on investing in artificial intelligence (AI) software companies. Shinhan Asset Management announced on the 22nd that it will list the 'SOL Korea AI Software ETF' on the stock exchange on the 23rd. The ETF will primarily invest in domestic AI software companies.
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Shinhan Asset, Launches 'SOL Korea AI Software ETF'… "First in Korea" - EdailyShinhan Asset Management announced on the 22nd that it will list the ‘SOL Korea AI Software ETF (Exchange Traded Fund)’ on the stock exchange on the 23rd. (Photo = Shinhan Asset Management) The SOL Korea AI Software ETF is the first thematic ETF that allows concentrated investments in domestic artificial intelligence (AI) software companies. Kakao...
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