Shinhan BNP Paribas Asset Management Launches Post-COVID Response Fund

Proactive Investment in Post-COVID-19 Beneficiaries such as IT, Pharmaceutical, and Bio Sectors

[Asia Economy Reporter Minwoo Lee] Shinhan BNP Paribas Asset Management is relaunching its existing managed fund to respond to structural changes following the COVID-19 pandemic.

On the 11th, Shinhan BNP Paribas announced that on the 8th, it remodeled the existing Shinhan BNP Paribas Good Morning Korea Fund into the Shinhan BNP Paribas Korea New Economy Fund. This move aims to discover new investment opportunities amid societal structural changes caused by COVID-19 and other factors.

Related industries expected to benefit include information technology (IT) and internet content, driven by the increase in non-face-to-face online consumption. Additionally, the fund plans to focus investments on sectors benefiting from structural changes such as pharmaceuticals/biotech, electric vehicles, alternative energy, and dividend stocks, amid ongoing trends like an aging society, a structural decline in international oil prices leading to an energy paradigm shift, and a prolonged low-interest-rate environment.

Choi Ji-ho, Deputy Head of the Equity Management Team 2 at Shinhan BNP Paribas, who will manage the Korea New Economy Fund following the Good Morning Korea Fund, stated, "This fund plans to proactively invest in industries and stocks that will benefit from social structural changes, shifting from the previous bottom-up investment strategy focused on high-quality value stocks. Through this, we will flexibly respond to changes and continuously identify stocks capable of structural growth to generate additional returns."

This content was produced with the assistance of AI translation services.