Shinhan Asset Management's 'SOL US Representative Index ETF' Series Surpasses 1 Trillion KRW in Net Assets

Shinhan Asset Management announced on the 10th that the net assets of the 'SOL U.S. Representative Index Exchange-Traded Fund (ETF)' series have surpassed 1 trillion KRW.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, stated, “Since U.S. representative indices have great synergy with tax-saving accounts such as pension accounts and ISA, it is advisable for investors to invest in their pension portfolios through long-term installment savings. The SOL ETFs are sequentially expanding the lineup of U.S. representative indices to diversify investors' choices, including the S&P 500, Nasdaq 100, dividend growth stocks, big tech, and ESG,” he said.

Shinhan Asset Management’s SOL ETFs operate six U.S. representative index ETFs, including the domestic leading monthly dividend ETF ‘SOL U.S. Dividend Dow Jones (612.2 billion KRW)’, the country’s first monthly dividend ETF ‘SOL U.S. S&P 500 (97.2 billion KRW)’, and ‘SOL U.S. Tech TOP10 (133.7 billion KRW)’, which allows investment in U.S. big tech at a reasonable fee. Along with active lineup expansion and steady demand mainly from individual investors, the net assets of U.S. representative index ETFs have more than doubled in one year.

Meanwhile, to foster a culture of long-term installment investment in U.S. representative index ETFs, Shinhan Asset Management has been conducting a monthly net purchase certification event since January 2023 to communicate with investors. This month, a net purchase certification event for U.S. representative index ETFs through tax-saving accounts (ISA, pension savings, and retirement pensions) will also be held.

The event is conducted through the SOL ETF blog. Among investors who register their name and contact information along with proof of net purchases of all six ‘SOL U.S. Representative Index ETFs’ on the event page, 300 will be selected by lottery to receive a Starbucks Americano gifticon. In particular, investors who purchase 10 or more shares of the ‘SOL U.S. Dividend Dow Jones’ and ‘SOL U.S. Nasdaq 100’ ETFs and participate in the event will receive an additional gifticon.

The event period is from today until the 24th. After the event ends, winners will be individually notified for prize distribution, and the announcement of winners and gifticon distribution is scheduled for the 27th of this month. Detailed information about the event and prizes can be found on the SOL ETF blog.