Samsung Asset Management Announces IPO of KODEX K Shipbuilding TOP10 ETF
Samsung Asset Management has announced the IPO of the 'KODEX K Shipbuilding TOP10' ETF, aiming for strategic investments in the shipbuilding industry. This ETF primarily focuses on companies benefiting from the U.S.-Korea cooperation project 'MARS-GA', with approximately 98% investment concentrated in these beneficiaries. Major companies included are HD Hyundai Heavy Industries, Hanwha Ocean, HD Korea Shipbuilding & Offshore Engineering, and Samsung Heavy Industries.
HJ Shipbuilding is distinctively included due to expectations surrounding an MSRA agreement with the U.S. government, potentially propelling the company's growth. Furthermore, due to increasing demand for eco-friendly ships and the need to replace old ships, considerable investment weights are also allocated to ship engine manufacturing companies.
The K-shipbuilding industry is anticipated to be the major beneficiary, particularly through large LNG projects, indicating strong growth potential. Such investments are viewed as an opportunity for the industry to evolve innovatively in line with global eco-friendly trends, potentially having a positive impact across the entire shipbuilding sector.
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Samsung Asset Management, KODEX K-Shipbuilding TOP10 ETF Listing - Maeil Business NewsSamsung Asset Management announced on the 28th that it will newly list the ‘KODEX K-Shipbuilding TOP10’ Exchange Traded Fund (ETF) that focuses on investing in beneficiary stocks of the Korea-US shipbuilding cooperation project MASGA in the stock market. KODEX K-Shipbuilding TOP10 invests about 98% of its portfolio in MASGA project beneficiary stocks. MASGA stands for 'Make American Shipbuilding Great Again'.
Samsung Asset Management Lists New KODEX K-Shipbuilding TOP10 ETF - meconomynews.comSamsung Asset Management announced on the 28th the listing of the new KODEX K-Shipbuilding TOP10 Exchange Traded Fund (ETF). This ETF focuses about 98% of its investments on beneficiaries of the Korea-US shipbuilding cooperation project MASGA. It is designed to invest in companies expected to excel in the project through the MASGA keyword scoring method. It includes leading domestic shipbuilders, known as the BIG4, such as HD Hyundai Heavy Industries, Hanwha Ocean, HD Korea Shipbuilding & Offshore Engineering, and Samsung Heavy Industries, with an approximate 84% allocation. These companies are strategic partners of the U.S. Navy, targeting the U.S. Navy MRO (maintenance, repair, and overhaul) market valued at around 20 trillion won.