Shinhan Asset Management's Monthly Dividend ETF Surpasses 100 Billion KRW in Net Assets

SOL US Dividend Dow Jones Surpasses 50 Billion
Exceeds 60 Billion in Just One Week

[Asia Economy Reporter Kwangho Lee] Shinhan Asset Management announced on the 20th that the net assets of its monthly dividend exchange-traded funds (ETFs) have surpassed 100 billion KRW.

Shinhan Asset Management listed Korea's first monthly dividend ETF, ‘SOL US S&P500’, in June last year. Following this, ‘SOL US Dividend Dow Jones’ became the first monthly dividend equity ETF to exceed 50 billion KRW in net assets, and within a week surpassed 60 billion KRW, bringing the total net assets of all monthly dividend ETFs to over 100 billion KRW.

Kim Jeonghyun, Head of ETF Business Division at Shinhan Asset Management, explained, “Monthly dividend ETFs have particularly strong appeal to pension investors because they can generate the best synergy with pension accounts that offer tax benefits. Monthly dividend ETFs fundamentally allow investors to enjoy both capital gains and dividend income while generating a steady cash flow every month.”

Kim added, “We plan to list a monthly dividend product within March and aim to complete the monthly dividend lineup by adding one or two more products with a monthly dividend structure within the year to meet investors’ needs.”