Shinhan Financial Investment Sells 'Samsung New Deal Korea Fund'

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 29th that it will sell the ‘Samsung New Deal Korea Securities Investment Trust’ (hereinafter referred to as the ‘Samsung New Deal Korea Fund’), which invests in companies supported by sustainable growth.

The Samsung New Deal Korea Fund invests in digital and eco-friendly technology companies focusing on renewable energy, eco-friendly future vehicles, digital platforms, and technological innovation in response to the special circumstances of COVID-19 and changes in climate, generations, and technology.

This fund goes beyond beneficiaries of the Korean New Deal policy to discover companies that lead change and have high technological entry barriers. The fund pursues an investment strategy that concentrates intensively on a small number of stocks without a separate benchmark during the management process.

Jung Hyun Kim, Head of Investment Products at Shinhan Financial Investment, stated, “The Samsung New Deal Korea Fund is a product that invests in good companies leading sustainable growth and allows sharing the benefits of long-term growth. It is a fund that invests in companies focusing on changes that can affect the entire market, not limited to the existing market.”

The fund’s fee is 1.2% per annum, and no separate redemption fee is charged (based on Class A). This fund may incur principal losses depending on the price fluctuations of the invested assets.

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