Shinhan Asset Management Launches 'Shinhan SOL KOSDAQ150 Index Fund'

Shinhan Asset Management announced on April 29 that it will launch the 'Shinhan SOL KOSDAQ150 Index Fund', which tracks the benchmark index of the KOSDAQ market.

This fund expands the management expertise accumulated through the 'Shinhan SOL KOSPI200 Index Fund' into the KOSDAQ market, investing in core growth industries in Korea such as artificial intelligence (AI), semiconductors, and secondary batteries through diversified investment.

The most notable strength of the fund is its cost competitiveness. The fund's annual management fee is set at 0.09%, which is significantly lower than the average management fee of about 0.39% for other KOSDAQ150 index funds of the same type. By doing so, the fund aims to substantially reduce the cost burden of long-term investment, thereby improving investors' actual rate of return.

The investment target, the KOSDAQ150 Index, is composed of 150 stocks selected from KOSDAQ-listed companies based on market representativeness, liquidity, and industry influence. It broadly reflects key industries driving domestic growth, such as bio, IT, and secondary batteries, making it suitable for minimizing risks arising from individual stock investments and for tracking the overall market trend. The Shinhan SOL KOSDAQ150 Index Fund tracks the index by utilizing baskets of physical stocks and stock index futures.

Shinhan Asset Management currently manages more than KRW 1.4 trillion in assets through a variety of domestic and overseas index products and plans to further strengthen its index fund lineup with this new launch. Its flagship product, the 'Shinhan SOL KOSPI200 Index Fund', recorded a 1-year return of 204.22% (benchmark index 196.38%) and a 3-year return of 231.33% (benchmark index 206.02%) as of April 28, according to Zeroin, proving its superior performance over the benchmark index.

Investors can subscribe to the fund from April 29 through NH Investment & Securities, Daishin Securities, and other channels.

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