Shinhan Asset Management's 'Shinhan Retirement Pension Fundamental Index 40 Fund' Surpasses 100 Billion Won in Assets Under Management

Doubled in Size from 50 Billion Won in Just Three Months

The 'Shinhan Retirement Pension Fundamental Index 40 Fund (Mixed Bond)' managed by Shinhan Asset Management has surpassed 100 billion won in assets under management.

According to Shinhan Asset Management on March 20, based on Zeroin data as of March 17, the fund’s assets under management grew to 110 billion won. The fund, which was only around 10 billion won in size in August of last year, exceeded 50 billion won by the end of last year thanks to strong performance and the expanding retirement pension market. In less than three months since then, it more than doubled in size.

This fund is structured as a mixed bond fund that invests in both equities and bonds. For its equity portion, it tracks the 'Korea Value-Up Index,' which is composed of companies selected based on shareholder return policies, capital efficiency, and profitability. The fund focuses on companies that pursue sustainable growth and shareholder value based on earnings, and is viewed as a notable strategy amid the current discourse on resolving the so-called 'Korea Discount.' The bond portion invests in government and high-quality corporate bonds to seek stable interest income.

The fund's performance has also been stable. According to Zeroin data as of March 17, the one-year return of the Shinhan Retirement Pension Fundamental Index 40 Fund was 40.63%, its three-year return was 64.57%, and its year-to-date return was 13.41%. These figures outperform the average returns of domestic general mixed bond funds for the same periods (one-year: 28.06%, three-year: 40.35%, year-to-date: 9.36%).

In particular, fund inflows by class show that the online class (C-e) accounted for a large portion of the new investments. This is interpreted as reflecting a trend where retirement pension subscribers directly select products by comparing returns and costs.

Kyungil Kim, Head of the WM Pension Channel Division at Shinhan Asset Management, said, "As the retirement pension market grows rapidly, there is a trend of funds flowing into index-based products with proven performance. The Shinhan Retirement Pension Fundamental Index 40 Fund is a stable product that can be invested up to 100% of retirement pension assets and can serve as a core asset for long-term portfolios."

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