SOL AI Semiconductor TOP2 Plus (0167A0) 🔎 In-depth
Shinhan Asset Management · Equity · Korea · Sector · Industry · Price 2026-08-06 · Analysis 2026-07-14
This is a domestic semiconductor-theme ETF that holds Korea's two flagship chip names, Samsung Electronics and SK Hynix, at large weights, then adds companies from the AI-semiconductor value chain in materials, parts and equipment (the "sobujang" suppliers) to make up a portfolio of around 10 stocks in total. It is managed by Shinhan Asset Management and is a relatively new product, listed in March 2026.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index | Excess |
|---|---|---|---|
| 1M | -28.75% | -27.13% | -1.62% |
| 3M | -9.92% | -7.78% | -2.14% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Shinhan Asset Mgmt official disclosure
Understanding this ETF
Its benchmark index is the "FnGuide AI Semiconductor TOP2 Plus Index (PR)." As the name suggests, it treats Samsung Electronics and SK Hynix, Korea's No. 1 and No. 2 chipmakers, as the "TOP2," allocating roughly half of the index to those two names, and fills the rest with AI-semiconductor-related companies selected on the basis of sales and share-price momentum. "PR" means it is a price index that does not reflect dividends.
It moves with the share prices of domestic large-cap chipmakers and their materials-parts-equipment suppliers. Because Samsung Electronics and SK Hynix carry large weights, it clearly tends to rise sharply when these two rise and fall sharply when they fall. Being made up of domestic stocks, it is not affected by exchange rates.
A defining feature is its concentrated investment in Korea's semiconductor industry, particularly the growth axis represented by AI memory and HBM. Because it holds the two flagship names at large weights to set a clear direction while adding suppliers for extra reach, it has strong upside momentum in rallies but is also prone to larger drawdowns when the chip cycle wobbles. It is worth bearing in mind that, as a highly concentrated product clustered in a small number of stocks, its diversification benefit is limited.
In the first half of 2026, Korea's equity market was led by large-cap chipmakers such as Samsung Electronics and SK Hynix; after a strong rally, volatility was very high, with semiconductor stocks pulling back sharply in July on concerns about the durability of AI investment. With its large weighting in large-cap chip names, this ETF followed that path directly, and its closing price on the reference date (2026-07-13) was down 13.3% on the day, placing it in a correction phase. Rather than declaring a direction, it is better to keep in mind that this is a phase of large swings typical of a semiconductor-concentrated market.
In a word, it is a Korea-focused semiconductor ETF that holds a lot of Samsung Electronics and SK Hynix and rounds it out with AI-semiconductor suppliers. It gets a boost when chips are doing well, but because it is concentrated in a few large-cap names, its swings are also on the larger side.
Composition
By design, the combined weight of Samsung Electronics and SK Hynix is very large, around half, while the rest is shared among several supplier companies. As a result, the two large-cap names heavily drive overall performance, while the supplier stocks also reflect trends in the chip equipment and materials cycle. With only around 10 holdings, it is a highly concentrated fund in which individual-company news carries relatively greater weight.
Classification
Notes & cautions
- The weights of Samsung Electronics and SK Hynix are very large, so performance is heavily driven by these two companies' share prices.
- As a highly concentrated fund with few holdings, it is strongly affected by individual-company and industry news.
- It is a relatively new product, listed in March 2026.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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