MAN Global Investment Grade Bond Fund Assets Under Custody Surpass 100 Billion Won

Shinhan Asset Management announced on the 17th that the assets under management of the 'Shinhan MAN Global Investment Grade Bond Fund' have surpassed 100 billion KRW. The Shinhan MAN Global Investment Grade Bond Fund, relaunched in October last year, has increased by 100 billion KRW in net assets within just five months of its launch, thanks to its outstanding performance.

The Shinhan MAN Global Investment Grade Bond Fund is a fund of funds investing in Man Group's flagship global bond fund, Man Global Investment Grade Opportunities. The underlying fund invests in over 150 companies with high conviction by leveraging Man Group's stock selection capabilities. It seeks to outperform the index through flexible regional allocation based on global bond market conditions. Since its launch on November 10, 2021, the underlying fund has recorded a cumulative return of 31.4%.

The Shinhan MAN Global Investment Grade Bond Monthly Dividend Fund, launched in February to meet market demand for monthly dividend products, is also performing well, surpassing 5 billion KRW in assets under management within one month of its launch. This fund operates similarly to the MAN Global Investment Grade Bond Fund but adds a monthly dividend feature, targeting an annual dividend yield of around 5-6%.

Considering the underlying fund’s annualized return of approximately 8.6% and bond yield of 5.6%, investors can expect both monthly dividends and capital gains simultaneously.

The secret to its excellent performance lies in its differentiated management strategy. Unlike typical global investment grade funds that construct portfolios similar to global investment grade bond benchmarks and focus on the U.S. market, the Shinhan MAN Global Investment Grade Bond Fund invests diversely in European investment grade bonds as well as U.S. bonds based on individual company research rather than simply tracking an index.

Park Jeong-ho, Fund Solutions Team Leader at Shinhan Asset Management, stated, "Bond yield volatility has increased due to various policies of U.S. President Donald Trump," adding, "Expansion of fiscal spending in European countries, including Germany, is expected to have a positive effect on the market."

He continued, "While the fund maintains a consistently defensive stance, it selectively adds companies with attractive valuations by leveraging volatility arising from regions most exposed to tariffs."

The Shinhan MAN Global Investment Grade Bond Fund is currently available for subscription through Shinhan Bank, Shinhan Investment Corp., SC First Bank, Samsung Securities, Korea Investment & Securities, Daishin Securities, NH Investment & Securities, and Mirae Asset Securities.