“We will continue to provide differentiated ETFs”
Declaration of ‘SOL 2.0’ to rise to a leading position
The first product is ‘U.S. NextTech TOP 10’
On the 15th, Jaemin Cho, CEO of Shinhan Asset Management, announced ‘SOL ETF 2.0’ at a commemoration event for reaching 10 trillion won in net assets at the SOL ETF, held at TP Tower in Yeouido, Seoul. This event celebrated the achievements over the past four years and presented the core strategy for mid-to-long-term growth.
Shinhan Asset Management entered the ETF market four years ago and has since exceeded a total net asset value of 10 trillion won. Its ETF brand, SOL, has shown growth doubling annually. Currently ranked 5th based on net assets, Shinhan Asset Management unveiled its mid-to-long-term growth strategy, ‘SOL ETF 2.0’, aiming to become a top ETF manager.
CEO Jaemin Cho emphasized that “the key driving force of the company’s growth was ‘product innovation’,” further stating that “as a self-directed investment culture takes root, SOL ETF will play a pivotal role in increasing investors’ assets by continuously providing differentiated products.”
Shinhan Asset Management entered the domestic ETF market in September 2021 with the ‘SOL U.S. S&P500 ESG’. Despite being a latecomer, the early launch of innovative products attracted attention. In June 2022, they launched ‘SOL U.S. S&P500’, Korea’s first monthly dividend ETF, which became a flagship case. The ‘SOL Korea Shipbuilding TOP3 Plus’ ETF also grew into a mega ETF with a net asset size of 1.7 trillion won.
CEO Cho noted the challenges faced, stating, “Even after a product succeeds, top companies release similar products, making growth difficult. However, now we have a customer base that prefers our brand, and by successfully establishing a variety of products, we have firmly secured our foundation.”
Shinhan Asset Management aims to become a leading ETF manager with core investment strategies in AI, virtual assets, and pensions. Kim Jeong-hyun, head of the ETF Business Division at Shinhan Asset Management, explained, “AI and virtual assets will dramatically change not only industrial structures but also our entire lives. Amidst unlimited changes, market opportunities will explosively expand. Our core goal is to help investors preemptively capture these changes.”
The first product of ‘SOL ETF 2.0’ is the new flagship index-type ‘SOL U.S. NextTech TOP10 Active ETF’ for long-term pension investors, set to launch on the 28th of the next month. This product focuses on areas where the U.S. is strengthening investment, such as AI, quantum, cyber security, drones, space, and defense industries.