Shinhan Asset Management said on 15th that the total net worth of the "SOL exchange-traded fund (ETF)" surpassed 1 trillion won four years after its launch.
Shinhan Asset Management held a press briefing at its headquarters in the Yeouido TP Tower in Seoul this morning to mark surpassing 1 trillion won, saying it would "establish a mid- to long-term core strategy and open the 'SOL ETF 2.0' era."
Chief Executive Cho Jae-min of Shinhan Asset Management said, "The surpassing of 250 trillion won in ETF net worth is not just an expansion in size, but shows that the public's assets are moving in earnest from deposits to investment products," and added, "In particular, as a self-directed investing culture takes root, we will continue to supply differentiated products so that SOL ETF can play a key role in growing investors' assets."
Shinhan Asset Management made a full-fledged entry into the domestic ETF market in Sep. 2021 by listing the "SOL U.S. S&P 500 ESG" ETF.
In Jun. 2022, it laid the foundation for the monthly dividend market by listing the country's first monthly dividend ETF, "SOL U.S. S&P 500." Since then, it has successively introduced products such as the "materials, parts and equipment ETF series," the "U.S. AI ETF series," and "SOL Shipbuilding TOP 3 Plus," which has grown to 170 billion won.
Net worth, which was 594.8 billion won at the end of 2021, increased to 1.07 trillion won in just four years, joining the "1 trillion won club." Shinhan Asset Management said that as a result of maintaining growth of more than 100% every year over the past three years, the compound annual growth rate (CAGR) was 106%, the highest growth among major domestic ETF managers during the same period.
Building on this surpassing of 1 trillion won in net worth, Shinhan Asset Management's SOL ETF is moving to leap into the ranks of top ETF managers. Shinhan Asset Management presented artificial intelligence (AI), virtual assets, and pensions as core growth strategies.
At the end of Oct., Shinhan Asset Management plans to launch the "SOL U.S. Next Tech TOP 10 Active ETF" as the first product to signal the start of "SOL ETF 2.0," a new flagship index product that pension investors can invest in for the long term.
Meanwhile, to express gratitude to investors who have grown alongside SOL ETF, Shinhan Asset Management will simultaneously hold the ▲10/10 Challenge event and ▲SOL ETF purchase certification special event.
The event period runs from the 14th to the 31st of this month. Prizes are scheduled to be awarded on Nov. 14. Details on the events and prizes can be found on SOL ETF's official social media channels, including YouTube and its blog.