Shinhan Asset Management's 'SOL US Dividend Dow Jones ETF' Surpasses 50 Billion KRW in Net Assets

"More than 50% of Net Inflows Are Long-Term Reserve Investment Funds"

[Asia Economy Reporter Kwangho Lee] Shinhan Asset Management (CEOs Jaemin Jo and Heesong Kim)'s representative domestic monthly dividend ETF, ‘SOL US Dividend Dow Jones ETF,’ has surpassed 50 billion KRW in net assets, becoming the first equity ETF listed with a monthly dividend structure to do so.

Among the 88 equity ETFs listed from last year to this year (32 domestic, 56 overseas), it has recorded the highest net purchase amount by individual investors, including retirement pension accounts, exceeding 50 billion KRW. Since its listing in November 2022, the SOL US Dividend Dow Jones ETF has consistently recorded net inflows every single day.

Junghyun Kim, Head of the ETF Management Center at Shinhan Asset Management, said, “The SOL US Dividend Dow Jones ETF has steadily attracted funds with great interest from individual investors since its initial listing. In particular, inflows from retirement pension (DC and IRP) accounts exceed 10 billion KRW, and including pension savings accounts, it is believed that more than 50% of the net inflows are long-term accumulation investment funds.”

In fact, the SOL US Dividend Dow Jones ETF has seen net purchases by individual investors every day for three months since its listing. This is understood to be due to the inflow of long-term investment funds such as pensions rather than market fluctuations.

Kim added, “The SOL US Dividend Dow Jones ETF is a product listed domestically that incorporates a monthly dividend strategy to allow domestic investors to invest in the Schwab US Dividend ETF (SCHD), a representative US dividend growth ETF favored by Korean investors, through pension accounts. Reflecting investor needs, we are also preparing to launch a new product structured with the most preferred dividend strategy as a monthly dividend.”

Kim also added, “Especially for pension investors, since it is difficult to predict market conditions and currency effects must be considered, to maintain a reasonable average purchase price, it is recommended to divide purchases weekly or monthly rather than buying the entire accumulated amount at once.”