SHINHAN Asset Management's SOL K-Defense ETF Surpasses 100 Billion Won in Net Assets and Achieves High Returns
SHINHAN Asset Management's SOL K-Defense ETF has seen significant growth this year, achieving a net asset size exceeding 100 billion won. This surge is attributed to the substantial orders and strong performance of defense companies, with crucial contributors like Hanwha Aerospace driving stock increases that fueled profitability. The ETF posted a year-to-date return of 142.89%, with recent three and six-month returns standing at 40.23% and 100.32%, respectively. As South Korea's defense industry boosts its global export share, further growth is anticipated.
By restructuring the ETF's asset composition, SHINHAN Asset Management effectively increased the defense sector's proportion to 70%, yielding impressive results. In tandem with the defense sector's expansion, shipbuilding-related ETFs also attracted considerable investor interest due to high returns. The 'TIGER Shipbuilding TOP10' ETF achieved a 31.93% return by investing in major shipbuilding firms, securing the top spot. These outcomes underscore the potential for continued development, supported by the expanding global defense and shipbuilding markets.
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