Shinhan Asset Management Launches New 'SOL US S&P500 ESG ETF'

[Asia Economy Reporter Junho Hwang] Shinhan Asset Management announced on the 14th that it is changing its exchange-traded fund (ETF) brand name from 'SMART' to 'SOL' and launching the 'SOL US S&P500 ESG ETF,' which is the first in Korea to track the US S&P500 ESG index.

This ETF uses the S&P500 index constituents as its universe and selects stocks after screening based on ESG scores and other criteria. Currently, as global consensus on ESG investment gradually strengthens, the performance of the S&P500 ESG is surpassing that of the S&P500.

Kim Jeonghyun, Head of the ETF Management Center, said, "The S&P500, a representative US index, needs to be approached from a long-term perspective, and by incorporating the ESG factor, it has been designed to be suitable for pension investments." He added, "Going forward, Shinhan Asset Management's SOL ETFs will proactively reflect market trends and continue to provide solutions that not only generate returns through investment but also have a positive impact on the world."

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