Shinhan Asset Management, 'SOL US Tech TOP10' Individual Investors Net Buy 15 Billion KRW

Shinhan Asset Management announced on the 30th that the ‘SOL US Tech TOP10’ Exchange-Traded Fund (ETF) attracted over 15 billion KRW in funds within a week amid a continuous net buying trend by individual investors, including pension investors.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, stated, “In a market where various products already allow investment in US big tech, the fee rationalization strategy aimed at maximizing long-term returns for pension investors appears to have positively influenced individual investors' sentiment.”

The SOL ETF series is expanding its lineup of US representative index investments by consecutively listing ‘SOL US S&P500’, the first monthly dividend ETF in Korea, ‘SOL US Nasdaq100’, and ‘SOL US Tech TOP10’.

The SOL US Tech TOP10 ETF is a product that diversifies investment across the top 10 tech-related companies by market capitalization listed on the US Nasdaq. The constituent stocks include well-known companies to domestic investors such as Apple, Microsoft, Nvidia, Alphabet (Google), Amazon, Meta, and Tesla.

Kim said, “While last year we focused on building the domestic investment lineup with products like SOL AI Semiconductor Materials and SOL Shipbuilding TOP3 Plus during the business expansion process, this year we are concentrating on product development and research to strengthen our overseas investment lineup. We aim to introduce various products including growth stocks such as AI, income-type, and mixed-type ETFs.”