Shinhan Asset Management Launches 'National Participation Policy-type New Deal Mixed Asset Fund'

[Asia Economy Reporter Minji Lee] Shinhan Asset Management announced on the 29th that it will launch the ‘National Participation Policy-type New Deal Mixed Asset Fund’ to share the achievements of New Deal investments.

Last September, the government announced a plan to establish a national participation-type ‘Korean New Deal Fund’ through a joint announcement by related ministries. Shinhan Asset Management was selected as the public offering fund manager to operate the ‘Policy-type New Deal Fund’ among the Korean New Deal Fund establishment plans, leveraging its operational capabilities in existing materials, parts, and equipment industry funds.

This fund invests in equity and mezzanine of New Deal-related listed and unlisted small and medium-sized enterprises and mid-sized companies. Through government financing (subordinated investment), the structure allows public offering fund investors (senior investors) to partially protect the fund from losses. Additionally, by prioritizing profit allocation to senior investors, the government’s subordinated investment provides policy benefits to the public.

Jo Seong-ho, head of the Special Asset Management Team at Shinhan Asset Management, said, “The Shinhan National Participation Policy-type New Deal Fund serves as a catalyst through investments from the government and policy financial institutions, matching private funds to share the outcomes of New Deal investments with the public. Under the low-interest rate environment, we will strive to create stable results by discovering high-quality investment opportunities.”

The fund will be open for subscription from March 29 to April 16 and is scheduled to be established on April 19. The sales agencies where subscriptions are possible include Shinhan Bank, Shinhan Financial Investment, Hana Bank, NH Nonghyup Bank, and Korea Post Securities.

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