Shinhan Investment Corp. Launches Shinhan Corporate Dollar MMF No.1 Fund

Shinhan Investment Corp. announced on the 10th that it has launched a corporate-only money market fund (MMF) called "Shinhan Corporate Dollar MMF No.1 (USD)," which allows direct investment in US dollars without currency exchange.

This fund, which was launched on August 20, is a short-term financial product exclusively for corporations, investing in short-term dollar-denominated bonds. The company explained that it is expected to provide an efficient management alternative for corporations seeking ways to manage their surplus US dollar funds.

In particular, the fund primarily invests in highly liquid short-term US Treasury bills (T-bills), dollar-denominated commercial paper (CP), dollar deposits, and bonds with maturities of less than one year. Its goal is to pursue higher interest income compared to dollar deposits or dollar repurchase agreements (RP). By managing the fund’s remaining maturity within 60 days, it controls interest rate fluctuation risks, making its strength the simultaneous pursuit of both liquidity and stability.

There is no minimum subscription amount, and no redemption fee is charged. The purchase price is based on the net asset value two business days after the subscription request, and redemption payments are made three business days after the request. The fund is available for subscription at Shinhan Investment Corp. branches. As with all financial investment products, there is a risk of principal loss depending on investment performance, so caution is advised.

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