Shinhan Asset Management Changes SOL Gold Covered Call Active ETF Name to SOL International Gold Covered Call Active

Shinhan Asset Management announced on the 24th that it will change the name of its 'SOL Gold Covered Call Active' ETF to 'SOL International Gold Covered Call Active'. The new name will take effect starting today.

The 'SOL International Gold Covered Call Active ETF' tracks more than 90% of the international gold price. It is a monthly dividend ETF that utilizes option premiums earned through a covered call strategy as its distribution source. The ETF targets an annual dividend yield of about 4%, featuring a structure that combines income returns with gold investments, which typically do not pay dividends.

Additionally, since the ETF is managed based on standardized international gold prices, it is relatively free from premium and discount issues that may arise from supply and demand imbalances between exchanges in the spot gold market.

Since its listing, the ETF has recorded a return of 10.06%, outperforming the domestic spot gold price increase of 9.48% over the same period. It has paid an average monthly dividend of 37 KRW per share. The annualized dividend yield stands at approximately 4.16%.

Meanwhile, following the SOL International Gold Covered Call Active ETF, Shinhan Asset Management also listed the 'SOL International Gold ETF' in June, which directly tracks the international spot gold price for the first time in Korea.

Both ETFs can be invested in through tax-advantaged accounts such as ISA, pension savings, and retirement pensions (DC/IRP). In particular, the distribution source for the SOL International Gold Covered Call Active ETF consists of option premiums, which are not subject to U.S. withholding tax, allowing investors to fully benefit from tax deferral.

Kim Gideok, Head of Quant & ETF Management at Shinhan Asset Management, said, "Depending on investment objectives and risk preferences, investors can appropriately utilize both ETFs." He added, "In long-term investment accounts such as pension accounts, systematic purchases can provide both portfolio diversification and the dual benefits of gold's asset value preservation and income generation."