Shinhan Asset Management announced the new listing of the 'SOL U.S. Nuclear SMR' exchange-traded fund (ETF) that invests across the entire U.S. nuclear industry value chain on the 20th.
The SOL U.S. Nuclear SMR ETF is a product that focuses on investing in 18 companies within the U.S. nuclear industry value chain, from uranium mining to reactor operation and prominent small modular reactor (SMR) firms.
Key investment stocks include Constellation Energy, Cameco, Centrus Energy, BWX Technologies, Oklo, NuScale Power, and GE Vernova.
After the 2011 Fukushima nuclear accident, the shift away from nuclear power was dominant. However, Shinhan Asset Management explained that the need for securing power sources due to the spread of artificial intelligence (AI), responding to climate change, and enhancing energy security has led major countries to turn their attention back to nuclear power.
Kim Jeong-hyun, head of the ETF business at Shinhan Asset Management, noted, "Nuclear power is a field that requires high technical skills, so it is highly likely that existing technological powerhouses will lead the market" and added, "Considering the scale of existing nuclear power plants, maintenance capabilities, export competitiveness, and diplomatic skills, the U.S. is expected to take the hegemony in the next generation nuclear power market."