Shinhan Global Carbon Neutral Solution Fund Achieves Top Short- and Mid-Term Returns

Shinhan Asset Management announced on the 24th that the 'Shinhan Global Carbon Neutral Solution Fund' has achieved the highest short- and mid-term returns among global equity funds investing in overseas stocks.

According to fund evaluation firm KG Zeroin, as of the 19th, the fund recorded returns of 12.86% over one month, 35.01% over three months, and 55.18% over nine months.

Recently, sectors related to energy infrastructure have been drawing attention due to strengthened decarbonization policies and increased demand resulting from the growth of the artificial intelligence (AI) industry. President Lee Jaemyung, during the presidential election, presented specific energy policies such as the establishment of a Ministry of Climate and Energy, the complete phase-out of coal power generation by 2040, and the construction of an energy superhighway.

The Shinhan Global Carbon Neutral Solution Fund has continued to deliver excess returns compared to the market by actively adjusting its portfolio in line with market conditions. At the beginning of this year, the fund strategically reduced its exposure during an overheated market phase. Subsequently, during a correction period, it gradually increased its allocation to sectors such as power equipment, nuclear power, and renewable energy, achieving strong performance during the rebound phase.

Recently, the strong upward trend of key stocks aligned with the global energy transition and the expansion of digital infrastructure has driven the fund's returns. In particular, NuScale Power, which possesses small modular reactor (SMR) technology, recorded high returns within the fund and emerged as the top contributor to its performance.

Kim Jooyoung, Director of Equity Management at Shinhan Asset Management, stated, "In the short term, the U.S. market may experience increased volatility due to factors such as geopolitical uncertainty stemming from the Middle East, fatigue from rapid index gains, the timing of interest rate cuts, and uncertainty related to debt ceiling negotiations." He added, "In the domestic stock market, expectations for new government policies, such as AI industry-led growth, continue. We plan to respond to the market by focusing on changes in leading sectors."