SOL CD Interest & Money Market Active ETF Monthly Dividend Payment

‘SOL CD Geumri & Money Market Active’ ETF, the first cash parking-type monthly dividend product in Korea, has paid its first monthly dividend.

Shinhan Asset Management announced on the 6th that it paid a dividend of 180 KRW per share on the first business day of January, the 2nd. The annualized dividend yield is approximately 4.3%.

Kim Jeong-hyun, Head of the ETF Business Division at Shinhan Asset Management, said, "The SOL CD Geumri & Money Market Active ETF operates with a strategy of paying cash on the first business day of each month based on the income accumulated from short-term bond coupons and interest."

He added, "For example, if the ETF’s price per share was 50,000 KRW at the beginning of the month and rose to 50,180 KRW by the end of the month, the 180 KRW profit is distributed. From an investor’s perspective, this allows them to check the expected dividend through the ETF’s share price during the month."

The SOL CD Geumri & Money Market Active ETF primarily utilizes CDs (Negotiable Certificates of Deposit) and short-term bonds as its main assets. Through an active strategy, it selectively incorporates short-term credit bonds to pursue top-tier performance among domestically listed CD rate ETFs.

This product is 100% investable through retirement pension accounts and is competitive in terms of performance while managing cash assets within tax-advantaged accounts such as ISA, pension savings, and retirement pensions, along with monthly cash flows.

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