Shinhan Asset Management Launches New 'SOL US Nasdaq 100' ETF

Shinhan Asset Management announced on the 12th that it will newly list the ‘SOL US Nasdaq 100 ETF’ on the Korea Exchange in response to the continuous market demand for US tech companies.

The ‘SOL US Nasdaq 100 ETF’ is a physical ETF that tracks the Nasdaq 100, one of the major US indices. It is a product that allows investment in large US tech stocks with a small amount of capital. The underlying index is the ‘NASDAQ 100 Index (PR)’, and dividends are scheduled to be paid once a year starting from April 2025.

The Nasdaq 100 Index symbolizes Silicon Valley, which grew with the venture boom in 2000, and includes companies such as Nvidia, Microsoft (MS), Google, and Apple, representing a global innovation theme. The Nasdaq 100 Index is expected to continue long-term growth recently driven by the era-defining change of artificial intelligence (AI).

The ‘SOL US Nasdaq 100 ETF’ is a currency-exposed ETF that does not separately hedge the currency risk of its underlying assets, and through a won-dollar currency exposure strategy, it can seek additional returns from the appreciation of the dollar value, which can be an additional investment point.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, said, “The recent earnings rally of US big tech companies is driving investor sentiment and offsetting concerns about an economic recession.” He added, “US big tech companies are leading the AI industry based on abundant capital and research and development (R&D) expenses, and amid increased market uncertainty due to banking sector risks, they continue to demonstrate growth potential with relatively strong cash flow generation capabilities.”

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