Best Credit Plus Fund Surpasses 250 Billion Won in Assets Under Management

Shinhan Asset Management announced on September 17 that its flagship bond fund, the "Shinhan Best Credit Plus Fund," has surpassed 250 billion won in assets under management.

This fund was launched in April after a complete overhaul of the management strategy for the existing "Shinhan Relative Value Mid-Term Fund" to enhance its competitiveness. At the end of last year, the fund's assets under management stood at 30.7 billion won. Since the beginning of this year, it has seen a net inflow of over 230 billion won, demonstrating rapid growth. This is attributed to its strong track record, backed by more than 19 years of proven credit analysis capabilities.

As of the 15th, the recent returns for the Shinhan Best Credit Plus Fund are 2.25% over six months, 4.82% over one year, 17.58% over three years, and 3.53% year-to-date. These figures outperform the average returns of all public bond funds over the same periods (1.60% for six months, 4.33% for one year, 16.45% for three years, and 3.08% year-to-date).

The Shinhan Best Credit Plus Fund selectively invests in high-quality credit bonds rated A- or higher, aiming to achieve both interest income and capital gains. With an average duration of about 1.5 years, the fund leverages Shinhan Asset Management's accumulated expertise in thorough corporate analysis and systematic risk management to select undervalued bonds. Its goal is to achieve stable excess returns.

The three flagship domestic bond funds managed by Shinhan Asset Management now have combined assets under management exceeding 4 trillion won. The company has established a lineup of bond funds across different duration segments. The "Shinhan Ultra Short-Term Bond Fund," with a duration of 0.5 years, has 2.0477 trillion won in assets under management. The "Shinhan Best Credit Short-Term Fund," with a duration of about one year, holds 1.7269 trillion won, while the "Shinhan Best Credit Plus Fund," with a duration of about 1.5 years, has 266.1 billion won.

Jung Jiweon, head of the Bond Management Team 3 at Shinhan Asset Management, said, "As the US Federal Reserve's policy rate cuts become more likely, we expect an accommodative monetary policy stance to continue domestically as well." He added, "We believe that investing in credit bonds, which offer relatively attractive absolute yields compared to the now lower government bond yields, remains a valid strategy."

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