Shinhan Asset Management Maintains No.1 Market Share in Mixed Fund Sector for 3 Consecutive Years

5.5 Trillion Public Offering Mixed Fund Leads Market Share with No.1 Position

Shinhan Asset Management has captured nearly 18% of the market share in mixed public funds. This is thanks to steadily building a diverse range of products since launching its first mixed fund in 2004.

As of the end of February 2023, in the retail public fund market, among the total domestic and international mixed public funds (excluding pension savings and retirement pensions, based on zero-in criteria) with total assets under management of 5.4 trillion KRW, Shinhan Asset Management’s mixed funds recorded 959.8 billion KRW, achieving a market share of 17.8%. Furthermore, showing outstanding growth, it rose to the industry’s number one position in 2021 and has maintained the top market position for three consecutive years. As of the end of February 2022, the gap in assets under management with the industry’s second place widened to 250 billion KRW, more than 1.3 times, solidifying its market position.

Shinhan Asset Management’s representative mixed products include ▲ Samsung Electronics Alpha Fund, which pursues excess returns through active asset allocation between Samsung Electronics and domestic bonds ▲ Euro Covered Call Index Fund, which simultaneously seeks option premiums and high dividend yields in Europe ▲ Snowball Income Fund, which mainly invests in undervalued domestic “bond-type stocks” and bonds ▲ Public Offering & Bond Trading 30 Fund, which invests in domestic bonds, public offerings, and blue-chip stocks through optimal asset allocation. Notably, the Euro Covered Call Index Fund and Snowball Income Fund demonstrated excellent defensive capabilities during the past year when the KOSPI recorded a sharp decline of -24.9%, posting returns of 2.17% and -0.28%, respectively.

A Shinhan Asset Management official stated, “Generally, mixed funds that capture both the growth potential of stocks and the stability of bonds have stood out in an environment of increasing market uncertainty. Especially with the elevated interest rate levels and the incorporation of various stock strategies, the popularity of mixed funds is expected to grow even further.”

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