Financial information company FnGuide said on the 3rd that the SOL Shipbuilding TOP3 Plus exchange-traded fund (ETF) of Shinhan Asset Management, which is managed based on its index, surpassed 2 trillion won in net worth aggregates.
According to FnGuide, on the 31st of last month, the SOL Shipbuilding TOP3 Plus ETF exceeded 2 trillion won in net worth aggregates two years after listing.
Among the 156 ETFs that track the FnGuide index, this is the first product to surpass 2 trillion won in net worth. As of the 31st of last month, it also became the 27th overall domestic ETF to join the "2 trillion won club." It ranks seventh among domestic equity ETFs and first in size among thematic ETFs excluding market benchmark indices.
The FnGuide Shipbuilding TOP3 Plus Index is designed to reflect the growth drivers of the shipbuilding industry by encompassing the entire value chain, including shipbuilding equipment and shipping, with a focus on the top three domestic shipbuilders.
It is interpreted that recent structural changes in the industry—such as strong global freight rates, increased orders centered on LNG carriers, and supply constraints in shipbuilding—combined with a surge in investment demand under the United States' MASGA policy stance have boosted investor sentiment.
Meanwhile, the net worth aggregates of all ETFs based on FnGuide indexes totaled 31.3 trillion won at the end of Oct. There are nine equity ETFs with net worth exceeding 1 trillion won.
A representative of the FnGuide Index Business Division said, "We will continue to establish ourselves as an index business that grows with the market by providing a variety of index solutions that reflect industry trends and investor demand."