Shinhan Asset Management's ETF Launch Bolsters K-beauty's Global Expansion
Shinhan Asset Management's ETF Launch Bolsters K-beauty's Global Expansion
Shinhan Asset Management has launched the 'SOL Cosmetic TOP3 Plus' ETF to strengthen investment in key companies within the Korean cosmetics industry. The fund notably features heavy investments in Silicone Two, Cosmax, and AmorePacific, responding to the rising global demand for K-beauty alongside Hallyu content. With South Korea's cosmetics exports reaching an all-time high, the nation has surpassed France as the top importer to the U.S., a shift that underscores South Korea's strategic diversification away from a traditionally China-centered export market. This ETF launch signifies a strategic pivot aimed at accelerating market diversification towards the U.S. and other international markets. The major players like Cosmax and Silicone Two are capitalizing on the soaring popularity of K-beauty, driving sustained growth and enhancing global competitiveness. Shinhan Asset Management is optimistic about the industry's expansion potential and long-term growth prospects amid increasing global interest.
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