Shinhan Bank's "Target Conversion Fund" Cumulative Sales Surpass 1 Trillion Won

Shinhan Bank announced on December 2 that the cumulative sales of its "Target Conversion Fund," which has been operated as a strategic product this year, have surpassed 1 trillion won.

Photo of Shinhan Bank building.

This fund is designed to automatically convert to a bond-type fund once the target rate of return is achieved, thereby helping investors lock in their profits.

Shinhan Bank has launched a total of 13 products this year, and as of December 1, the cumulative sales have reached 1.1065 trillion won. Of these, 8 products totaling 460.5 billion won have achieved their target returns of 7-8%, and profits have been realized. Shinhan Bank releases new products every month, including domestic equity funds and global semiconductor-themed funds.

The increase in sales of the Target Conversion Fund is attributed mainly to the "Once Again Korea" campaign to revitalize the domestic stock market, which has been ongoing since June. Since the campaign began, sales of domestic equity funds have surpassed 2 trillion won in just about five months.

A Shinhan Bank official stated, "We will continue to strengthen our asset management services with a focus on both profitability and stability."

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