SOL US Dividend Dow Jones Monthly Dividend ETF Gains Popularity from First Day of Listing

[Asia Economy Reporter Hwang Yoon-joo] Shinhan Asset Management's 'SOL US Dividend Dow Jones' recorded the highest trading volume on the listing day among 49 ETFs launched in the second half of the year.

According to Shinhan Asset Management on the 16th, the 'SOL US Dividend Dow Jones ETF' traded 830,575 shares on its listing day, the 15th, with individual investors purchasing a total of 2.8 billion KRW. Including investment funds purchased from retirement pension accounts, it is estimated that individual net purchases exceeded approximately 3.5 billion KRW.

In 2022, 108 new products were listed in the domestic ETF market, which sharply cooled down after the stock market entered a full-fledged downward trend in the second quarter. Compared to the first quarter's newly listed products, which had an average trading volume of about 550,000 shares on the listing day, there were no products traded over 500,000 shares among those listed after the second quarter.

From a supply and demand perspective, only some theme ETFs related to government policies attracted individual investors' interest, and no products recorded individual net purchases exceeding 3.5 billion KRW. Kim Jung-hyun, head of the ETF Management Center at Shinhan Asset Management, said, "We believe that targeting the needs of individual investors looking for ETFs with dividend strategies suitable for long-term investment resulted in meaningful trading volume and individual net purchases."

Leading the monthly dividend ETF market, Shinhan Asset Management's SOL ETF plans to list additional products suitable for monthly dividends to enable efficient diversified investment according to future investment preferences.

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