Shinhan Asset Management's 'SOL Monthly Dividend ETF' Series Surpasses 1 Trillion KRW in Net Assets

Shinhan Asset Management announced on the 27th that the net assets of the ‘SOL Monthly Dividend Exchange-Traded Fund (ETF)’ series have surpassed 1 trillion KRW. This achievement was made solely through five newly listed products without adjusting the distribution cycle of existing products.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, stated, “As a pioneer that first introduced monthly dividend ETFs in Korea, we have been striving to find asset classes and strategies suitable for monthly dividends alongside market growth, expanding our product lineup. Since monthly dividend ETFs have significant synergy with pension accounts that offer tax benefits and tax deferral effects, we are focusing on developing ETFs that investors can utilize in their pension portfolios.”

The SOL ETF series launched the first monthly dividend ETF in the domestic market, ‘SOL US S&P 500’. It also introduced Korea’s versions of ‘SCHD’, ‘SOL US Dividend Dow Jones’, and the currency-hedged dividend ETF ‘SOL US Dividend Dow Jones (H)’ for the first time domestically. At the end of last year, they added a bond-type product with the listing of ‘SOL US 30-Year Treasury Covered Call (Synthetic)’, and on the 25th, expanded the lineup into domestic equity-type products by launching ‘SOL Financial Holding Plus High Dividend’.

Kim added, “The SOL Monthly Dividend ETF series is designed for long-term investment and offers a lineup that allows investors to implement pension investment strategies according to their investment preferences, including representative index types, dividend growth types, and high dividend types. Our ultimate goal is to enable investors to build a retirement pension portfolio solely with SOL ETFs by adding monthly dividend strategy products utilizing assets beyond stocks and bonds.”

Meanwhile, Shinhan Asset Management has been communicating with investors by holding monthly dividend certification events every month since January last year to foster a culture of long-term installment investment. This month, to celebrate the listing of the fifth monthly dividend ETF, ‘SOL Financial Holding Plus High Dividend’, and the milestone of surpassing 1 trillion KRW in net assets, a monthly dividend certification event will be held.

The event will be conducted through the SOL ETF blog. Among investors who register their name and contact information along with certification of dividends received from purchasing ‘SOL Monthly Dividend ETFs’ or certification of purchase, 300 will be selected by lottery to receive Starbucks Americano gifticons. Investors who certify both dividends and purchases can receive up to two drinks.

The event period is from July 1 to 8. After the event ends, individual notifications will be sent to winners for prize distribution, and the announcement of winners and gifticon distribution is scheduled for July 19, 2024.