Shinhan Asset Management Launches Industry-First ESG Index-Linked ELF

[Asia Economy Reporter Minji Lee] Shinhan Asset Management announced on the 26th that it will launch two types of ELF based on the industry's first ESG indices.

These products feature a no-knock-in step-down structure based on the S&P 500 ESG Index and the Euro Stoxx 50 ESG price, characterized by higher stability of the underlying assets compared to conventional products with the same structure based on general underlying assets (S&P 500, Euro Stoxx 50).

When examining the 3-year investment period yield until maturity for most ELF products, ESG indices show more positive performance compared to general indices, making them more competitive in terms of early and maturity redemption possibilities. The ESG composition method excludes stocks that do not meet ESG evaluation criteria and includes top market capitalization stocks, and Shinhan Asset Management plans to continuously launch such products in the future.

Seobyungwook, Deputy Head of Quantitative and Structured Derivatives Operations at Shinhan Asset Management, stated, “Shinhan Asset Management has held the number one position in ELF setup scale in the industry for several years,” adding, “The ESG index-linked ELF launched for the first time this time is the result of long consideration to offer more competitive products from the customer's perspective.” The products can be subscribed to from April 26 to 30 at all Shinhan Bank branches nationwide and online.

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