Shinhan Asset Management Launches 'SOL K-Defense' ETF, Expands Investment in Defense Industry
Shinhan Asset Management has announced the listing of the 'SOL K-Defense' Exchange Traded Fund (ETF) on the securities market. This ETF is composed of 13 stocks reflecting the latest trends in Korea's defense industry, including traditional defense companies like Hanwha Aerospace, Korea Aerospace Industries, and Hyundai Rotem, as well as advanced technology firms such as Hanwha Systems, Intellian Technologies, and Poongsan. Shinhan Asset Management expects improvements in profitability and enterprise valuations for Korean defense firms, based on the increased international conflicts and expanded defense spending.
Shinhan is leveraging the entry of Korean shipbuilding companies into the U.S. Navy Maintenance, Repair, and Overhaul (MRO) market as an opportunity for new growth in the defense sector. Furthermore, as defense exports expand from Asia to the global market, Korean defense firms are anticipated to secure international competitiveness based on their robust production capabilities. This context makes the 'SOL K-Defense' fund a focal point for investors looking to capitalize on the growth potential of the defense industry.
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Shinhan Investment Adds 'K Defense Industry' to SOL ETF... Competing with Hanwha Asset Management - SBS BizShinhan Asset Management has launched an ETF (Exchange-Traded Fund) product that allows investments in the present and future of Korea's defense industry, from traditional defense companies to cutting-edge technology firms such as shipbuilders, unmanned robots, and satellite radar companies. On the 2nd, Shinhan Investment added 'SOL K Defense Industry' ETF to the securities market, including 13 major domestic defense companies like Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem, and LIG Nex1...
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