Shinhan MAN Global High Yield Fund Series Surpasses 200 Billion KRW in Assets Under Custody

Shinhan Asset Management announced on the 6th that the assets under management of the ‘Shinhan MAN Global High Yield’ fund series surpassed 200 billion KRW just one month after reaching 100 billion KRW at the end of September.

According to the fund rating agency KG Zeroin, the ‘Shinhan MAN Global High Yield Fund,’ launched in January this year, achieved 128 billion KRW in assets within 10 months based on excellent performance. The ‘Shinhan MAN Global High Yield Monthly Dividend Fund,’ launched in April this year, has shown continuous growth with 90 billion KRW inflows within 7 months.

In October alone, out of the total 130 billion KRW inflows into the global high yield fund market, 105 billion KRW flowed into the Shinhan MAN High Yield series.

The ‘Shinhan MAN Global High Yield Fund’ recorded returns of 0.63%, 2.92%, 6.68%, and 9.62% over 1 month, 3 months, 6 months, and year-to-date, respectively, ranking first in returns among all global high yield funds across all periods. It achieved an excess return of 4.3 percentage points (P) compared to the average year-to-date return (5.32%) of funds in the same category.

The Shinhan MAN Global High Yield Monthly Dividend Fund also maintains excellent performance while offering a high dividend yield. It shows an annualized dividend yield of around 7%, with a total of six monthly dividends paid from May to October. Despite paying a 7% annualized monthly dividend, the fund recorded a stable return of 2.1% as of the end of October.

Park Jeong-ho, Fund Solutions Team Leader at Shinhan Asset Management, said, "We expect a low default rate going forward, but to prepare for situations where it may rise due to economic downturns, we have increased our preference for secured bonds, which currently make up half of the fund’s portfolio."