Shinhan Asset Management's 'SOL US Tech TOP10' Surpasses 100 Billion KRW in Net Assets

Shinhan Asset Management announced on the 12th that the net assets of the ‘SOL US Tech TOP10’ Exchange Traded Fund (ETF) exceeded 100 billion KRW just 50 days after its listing. Since its launch, demand from investors using tax-saving accounts such as pension and ISA accounts has steadily increased, continuing a net buying trend.

The SOL US Tech TOP10 ETF offers individual investors the advantage of investing in major US big tech companies, which have become essential holdings in pension accounts, at a low annual fee of 0.05%. This has rapidly attracted investment demand, especially from tax-saving account investors.

The SOL US Tech TOP10 ETF diversifies investments across the top 10 tech-related companies by market capitalization listed on the US Nasdaq. The portfolio includes well-known companies familiar to domestic investors such as Apple, Microsoft, Nvidia, Alphabet (Google), Amazon, Meta, and Tesla.

Top weighted stocks Apple (19.91%), Microsoft (19.13%), and Nvidia (17.58%) have risen by 21.12%, 8.67%, and 41.44% respectively since the ETF’s listing, contributing to the SOL US Tech TOP10 ETF’s impressive return of 18.86%.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, stated, “In the AI era, the investment appeal of the US, which holds most of the global big tech companies, is increasing. The US stock market has the resilience to withstand a high interest rate environment, and with earnings forecasts being revised upward, the economy remains robust, making it the most suitable investment destination for long-term investment objectives.”

Meanwhile, Shinhan Asset Management is encouraging long-term systematic investments in SOL US Tech TOP10 through tax-saving accounts such as pension and ISA accounts by holding a monthly net purchase certification event starting this month on the SOL ETF blog.

The event rewards 300 investors, selected by lottery from those who register their name and contact information along with proof of net purchases of SOL US Tech TOP10 in tax-saving accounts (pension savings, retirement pension, ISA), with one Starbucks Americano gifticon each. Investors who certify purchases of 10 shares or more will receive an additional gifticon.

This month’s event period is from the 15th to the 19th. After the event ends, winners will be individually notified for prize delivery, and the announcement of winners and gifticon distribution is scheduled for July 30.

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