Shinhan Asset Management first introduced its product, the ‘SOL Exchange-Traded Fund (ETF)’, in September 2021. Now, just over four years later, its net assets have surpassed 10 trillion won. The company’s pioneering approach with the first monthly dividend product and trend-leading offerings has resulted in high returns and successful expansion.
On the 15th, Shinhan Asset Management held a press conference at the TP Tower in Yeouido, Seoul, to commemorate surpassing 10 trillion won in net assets in the shortest time in the industry. They presented ‘SOL ETF 2.0′, which outlines their achievements over the past four years and their future medium- to long-term growth strategy.
Cho Jae-min, CEO of Shinhan Asset Management, stated, “Exceeding 250 trillion won in ETF net assets is not a mere expansion in scale but a testament to the shift of public assets from savings to investment products. Especially as self-directed investment culture takes root, SOL ETF will continue to supply differentiated products to play a crucial role in increasing investors’ assets.”
Shinhan Asset Management officially entered the domestic ETF market in September 2021 by listing ‘SOL U.S. S&P500ESG’. Even though it was a latecomer, the company has positioned itself as a trendsetting house, credited to its proactive market insights and product competitiveness.
In 2022, they launched the first monthly dividend ETF in Korea, followed by a series of innovative products like the materials, parts, and equipment (SoBuJang) ETF series, the U.S. AI ETF, and the shipbuilding TOP3 Plus, which grew into a super-large ETF valued at 1.7 trillion won, capturing significant attention.
These products have led to rapid growth in SOL ETF, with net assets increasing from 594.8 billion won at the end of 2021 to 10.7 trillion won in four years. Over the past three years, it has consistently recorded growth rates exceeding 100%, the highest among major domestic ETF management firms.
Using this milestone of surpassing 10 trillion won as a stepping stone, Shinhan Asset Management plans to advance to a top-tier ETF management company. They have identified AI, virtual assets, and pensions as core growth strategies, considering this a new growth phase in the ETF market.
By the end of this month, they plan to launch ‘SOL U.S. Next Tech TOP10 Active ETF’, a representative index product suitable for long-term investment by pension investors, marking the start of ‘SOL ETF 2.0’.
Kim Jeong-hyun, Head of ETF Business at Shinhan Asset Management, stated, “Helping investors proactively capture market changes is the core goal of SOL ETF 2.0.”