Shinhan Asset Management "SOL US Dividend Dow Jones ETF Net Bought by Individuals for Two Consecutive Months"

[Asia Economy Reporter Kwangho Lee] Shinhan Asset Management announced on the 18th that the representative monthly dividend exchange-traded fund (ETF) ‘SOL Miguk Baedang Dow Jones’ has not recorded any net selling for two consecutive months since its listing, as individual investors continue their net buying streak.

Kim Jeonghyun, Head of the ETF Management Center at Shinhan Asset Management, explained, “Since its listing on November 15 last year, most of the inflows have come from individual investors, with an estimated total exceeding 30 billion KRW including pension accounts.” He added, “Especially because there are many installment investors, net buying continues steadily regardless of market conditions, and both trading volume and trading value are increasing.”

During the two months since listing, the average daily trading volume of SOL Miguk Baedang Dow Jones reached about 530,000 shares, and the average daily trading value was approximately 5.2 billion KRW, with assets under management surging to around 36 billion KRW. Since the beginning of the year, the average daily trading volume and value recorded about 820,000 shares and 7.84 billion KRW respectively, showing a significant increase in investor interest.

Kim said, “Since the second half of last year, there has been a notable buying trend in domestic bond-type ETFs through individual investors’ general accounts, but pension investors with a long-term installment investment tendency have steadily purchased overseas stock-type ETFs.” He analyzed, “This is the reason why funds have been steadily flowing into SOL Miguk Baedang Dow Jones, which has the effect of purchasing SCHD, a representative U.S. dividend growth ETF, through pension accounts.”

SOL Miguk Baedang Dow Jones records the highest net individual purchases among domestic monthly dividend stock-type ETFs, and thanks to this buying trend, its scale has increased more than fourfold within two months of listing.

Kim added, “From this year, the tax deduction limit for pension accounts has been expanded to 6 million KRW for pension savings accounts and up to 9 million KRW including individual retirement pension (IRP) accounts.” He stated, “The buying trend of SOL Miguk Baedang Dow Jones, which is specialized for pension accounts, is expected to continue for the time being.”

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