Shinhan SOL Auto ETF Soars with Hyundai Group Stock Rise
Shinhan Asset Management's 'SOL Auto TOP3 Plus ETF' crossed a 35% return just three weeks into 2023, largely credited to the rise in Hyundai Group stocks. The ETF focuses heavily on Hyundai Motor, Hyundai Mobis, and Kia, delivering impressive returns. It recorded returns of 38.09%, 60.50%, and 84.20% over one, three, and six months, respectively, with the net asset value increasing by 90 billion KRW to reach 202.3 billion KRW over the same period.
Significantly, the expansion in Hyundai Group's robotics, smart factory, and autonomous driving sectors continues to elevate its long-term investment appeal. Hyundai Group's active investment and technological innovation in autonomous vehicles and future mobility have strongly supported the ETF's performance. This background underlines the positive growth outlook for Hyundai Group, offering strong appeal to investors. Consequently, its performance is expected to remain noteworthy moving forward.
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