Shinhan Asset Management announced on the 10th that it will change the name of the "SOL Korean Global Semiconductor Active" exchange-traded fund (ETF) to "SOL Global AI Semiconductor Top Pick Active ETF."
The name change is aimed at making it more intuitive for investors to understand the management strategy of products that focus on AI semiconductor core companies. It is explained that the product identity has been clarified by reflecting the recent trend of AI-related benefits concentrated on specific companies in the semiconductor industry.
SOL Global AI Semiconductor Top Pick Active ETF is an active ETF that invests in key global semiconductor companies. It consists of a portfolio centered on memory and foundry representative companies. Major incorporated stocks include Samsung Electronics (23.3%), TSMC (20.8%), SK Hynix (14.6%), and Micron (7.2%), accounting for about 66% of these top four companies.
In addition, key AI semiconductor ecosystem companies such as Broadcom (7.0%), Nvidia (6.6%), ASML (4.8%), and AMD (3.1%) will also be included to pursue global decentralization effects. In particular, the proportion of the three memory companies is about 45%, and the proportion of foundry companies such as TSMC and Samsung Electronics is also included in about 44%, responding to changes in the semiconductor supply chain due to the spread of AI infrastructure.
Recently, the semiconductor market is rapidly changing due to the spread of AI. Interest in memory companies is increasing due to increased demand for high-bandwidth memory (HBM), and the role of related semiconductor companies is emerging as AI infrastructure structures combined with GPUs, HBMs, and SSD are solidified. As a result, the ETF has posted a cumulative return of 280.96% since its listing in April 2022. The yields for the last three and six months are 18.42% and 69.68%, respectively.
Kim Jung-hyun, head of Shinhan Asset Management's ETF business group, said, "The semiconductor industry is characterized by rapid changes in key beneficiaries in line with business cycles and technological changes," adding, "It is important to select key stocks and adjust their weight according to market changes through active strategies."
