Shinhan Asset Management, Target Conversion Fund Achieves Goal Conversion in 2 Months
[Asia Economy Reporter Junho Hwang] Shinhan Asset Management announced on the 12th that the 'Shinhan Contact Alpha Target Conversion Fund,' established on February 26, achieved a return of 8.7%, surpassing the conversion condition yield (7%), successfully reaching its target conversion.
This fund invests in contact industries and stocks that are expected to grow in the mid to long term through offline consumption expansion, economic momentum improvement, and business structure changes. With differentiated stock selection and active weight adjustment, it achieved performance exceeding the conversion condition yield within just over two months since its establishment.
The Shinhan Contact Alpha Target Conversion Fund was established on February 26, when COVID-19 vaccinations began, attracting investors' attention by drawing the largest inflow of 22.7 billion KRW among target conversion funds set up since 2020.
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Lee Yura, manager of the Alpha Management Center operating this fund, stated, "We will continue to develop various funds that align with changing times to provide products that meet the diverse needs of investors."
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