Shinhan Financial Investment Ranks First in Three Categories for IRP Q1 Returns

[Asia Economy Reporter Lee Jung-yoon] Shinhan Financial Investment announced on the 18th that as of the end of the first quarter this year, its individual retirement pension (IRP) principal-guaranteed products, non-guaranteed products, and comprehensive (combined principal-guaranteed and non-guaranteed products) returns over the past year were the highest among all retirement pension providers.

Shinhan Financial Investment's IRP-type non-principal-guaranteed product recorded a one-year return of 1.99% for the first quarter (April 1, 2021 ? March 31, 2022), marking the highest return for three consecutive quarters. This return significantly outperformed the securities industry average return of -0.06% (average of 14 providers), contrasting with eight out of the 14 companies that recorded negative returns.

Shinhan Financial Investment stated, "In principal-guaranteed products, we expanded product offerings to include savings bank fixed deposits with relatively higher interest rates compared to commercial banks, and strengthened the competitiveness of interest rate products through maturity customer management of RP and cash-equivalent assets, which enabled us to achieve the top ranking." They added, "The retirement pension division avoids a uniform process that recommends only short-term promising products or TDF-centered retirement pension exclusive products, and focuses on providing portfolio investment-centered products from a long-term perspective."

Furthermore, Shinhan Financial Investment collaborates with the portfolio strategy department to provide recommended portfolios tailored to investment preferences, including investment funds, exchange-traded funds (ETFs), and REITs, considering both volatility and profitability to enhance customer returns. They also regularly send mobile card news to IRP subscribers to help customers easily access investment information and make investment decisions such as rebalancing (product replacement). Thanks to these efforts, despite the continued weakness in the global market in 2022, they were able to maintain the top position by minimizing volatility in the returns of non-principal-guaranteed IRP customers.

Park Sung-jin, Head of the Retirement Pension Business Division at Shinhan Financial Investment, said, "We will not be swayed by the title of No. 1 in IRP returns," and added, "We will continue to provide retirement pension products and content from the customer's perspective and strive even more to manage customer returns."

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