SOL US S&P500, Top Monthly Dividend ETF by Net Purchases of Individual Investors

[Asia Economy Reporter Junho Hwang] 'SOL US S&P500' by Shinhan Asset Management, the first monthly dividend ETF launched domestically, has surpassed 30 billion KRW in net purchases by individual investors, marking the first time among domestic monthly dividend exchange-traded funds (ETFs).

Monthly dividend ETFs pay dividends every month. Since Shinhan Asset Management introduced it in June, it has become a trend in the domestic ETF market in the second half of the year within five months. As of the 10th, 13 products are listed and managed domestically.

Junghyun Kim, Head of the ETF Management Center at Shinhan Asset Management, explained, "Despite being a latecomer among ETFs tracking the same index, SOL US S&P500 maintains a top position in net purchases by individuals. The S&P500 index has proven long-term upward growth, so individual investors who find monthly dividends attractive are steadily buying using retirement pension accounts and others."

Although the S&P500 index recorded returns of -9.19%, -12.32%, and -21.39% over 3 months, 6 months, and year-to-date respectively, individual investors continue net buying regardless of market direction.

Kim said, "SOL US S&P500 is significant as a product that combines the most familiar S&P500 ETF investment for domestic investors with monthly dividends, which were previously unavailable domestically. We are preparing to launch a new product structured with the most preferred dividend strategy as monthly dividends, reflecting investor needs."

He added, "Our goal is to build the SOL monthly dividend portfolio that can execute a diversified investment strategy in the future, and as a leader in the monthly dividend ETF sector, we will contribute to the sustained growth of monthly dividend ETFs as an investment strategy."

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