Shinhan Asset Management Announces Surge in 'SOL American Nuclear SMR ETF'
Shinhan Asset Management recently announced a significant surge in its 'SOL American Nuclear SMR' Exchange Traded Fund (ETF). This rise is attributed to an administrative order by former President Trump aimed at stimulating the nuclear industry, resulting in increased fund inflows. The order includes an ambitious plan to quadruple nuclear power capacity in the U.S. by 2050 and ease related regulations, reflecting a comprehensive strategy. Consequently, the 'SOL American Nuclear SMR ETF' focuses on investing in key 18 stocks that encompass the whole value chain of the American nuclear industry.
Notably, the 'SOL American Nuclear SMR ETF' recorded a substantial gain of 12.8%, with retail investors net purchasing approximately 3.5 billion KRW, drawing significant market interest. This investment trend signifies market expectations of future transformations within the nuclear sector. The development plan for the nuclear industry includes making licensing procedures more efficient and expanding uranium mining and enrichment activities, which are expected to positively impact long-term economic growth.
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