Shinhan Investment, Shinhan China Mainland Small and Mid-Cap Fund Sales
[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 19th that it will sell the ‘Shinhan China Mainland Small and Mid-Cap Fund,’ which focuses on investing in high-growth small and mid-cap stocks in mainland China.
Managed by Shinhan Asset Management, the Shinhan China Mainland Small and Mid-Cap Fund is a product that focuses on investing in Chinese policy beneficiary stocks amid social and corporate structural changes. It responds to Chinese policies such as domestic demand expansion and increased investment in healthcare and emerging industries, and pays attention to social changes after COVID-19 by investing in stocks related to bio and healthcare, IT, and 5G infrastructure investment.
The Shinhan China Mainland Small and Mid-Cap Fund conducts investments centered on growth stocks with appropriate prices by thoroughly analyzing companies’ financial conditions and business performance. It manages investment assets flexibly and actively in response to changes in Chinese policies and market conditions. In other words, it efficiently responds to market changes and constructs the portfolio through a harmonious process of bottom-up and top-down analysis.
This product aims for balanced sector investments compared to the HSCEI index, which has a high proportion of financial sectors, or the CSI300 index, which has a high proportion of old economy sectors. Expanding investment in the Shenzhen Stock Exchange, which has a high proportion of IT and healthcare sectors, is also an investment point of this product.
The Shinhan China Mainland Small and Mid-Cap Fund offers two types: a currency-hedged type and a currency-open type. The currency-hedged type partially hedges against exchange rate fluctuation risks of foreign currency-denominated assets. The fee for this product is 1.425% per year, and no separate redemption fee is charged.
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The Shinhan China Mainland Small and Mid-Cap Fund may incur principal losses depending on fluctuations in the prices of investment assets and exchange rates.
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