Shinhan US S&P 500 Index Fund Surpasses 200 Billion Won in Assets Under Management

Shinhan Asset Management announced on August 29 that the assets under management for the 'Shinhan US S&P 500 Index Fund' have surpassed 200 billion won.

The Shinhan US S&P 500 Index Fund diversifies investments across 500 large-cap blue-chip US stocks with innovative business models and shareholder-friendly management systems. Over 80 billion won has flowed into the fund this year alone, attracting attention in the industry as it has gathered the largest amount of capital among index funds of the same type.

According to fund evaluation company Zeroin, the Shinhan US S&P 500 Index Fund (UH) recorded a return of 13.54% over the past three months and 20.14% over the past year.

Shinhan Asset Management's differentiated strategy is leading to strong results. By shortening the redemption cycle, the company has improved investment convenience. While most equity funds investing in the US typically require five business days for redemption, the Shinhan Asset Management US Index Fund allows redemption in four business days. The fees are also among the lowest in the industry, making it advantageous for long-term investors. For the online class, the total fee is around 0.35%, offering competitiveness compared to rival funds.

Yang Chankyu, head of Shinhan Asset Management's Global Quantitative Investment Team, stated, "Recently, the S&P 500 Index has continued its strong upward trend, supported by the Federal Reserve's expanded rate cut signals after the Jackson Hole meeting, robust employment, and strong earnings from AI-driven technology stocks." He added, "The rebound in the global M2 growth rate indicates an improved liquidity environment, and there is a high possibility that the rally led by technology stocks will resume after a short-term correction."

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