Status of Korea Value-Up Index-Based ETFs and Palantir Covered Call ETFs
The 'Korea Value-Up Index'-based Exchange Traded Funds (ETFs), introduced by the government to resolve the 'Korea Discount', are not living up to growth expectations. According to FnGuide, the total net assets of 12 listed Value-Up ETFs in the KOSPI have decreased to 629 billion Won. This suggests a lack of market interest and concerns over policy changes, despite these ETFs selecting 100 stocks based on shareholder returns and performance. However, there is a long-term projection that the trend of shareholder returns will be strengthened.
Meanwhile, Shinhan Asset Management has announced the first dividend for its two 'SOL Palantir Covered Call ETF' offerings. These ETFs seek stable monthly dividends through a covered call strategy while investing in Palantir and can be fully invested within retirement pension accounts. The 'SOL Palantir U.S. Treasury Covered Call Mixed' pays 150 Won per share with an annualized distribution rate of 17.16%, and the 'SOL Palantir Covered Call OTM Bond Mixed' pays 230 Won per share with a rate of 26.28%. This strategy is likely to appeal to investors prioritizing stability.
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2 billion KRW net outflow in half a year ... Declining Value-Up ETF - Korea Economic Daily2 billion KRW net outflow in half a year... Declining Value-Up ETF, 12 ETFs with a total net asset of 629 billion KRW once exceeded 700 billion, but interest is decreasing. Although the annual return is excellent at 16%, there's concern that momentum might weaken with the advent of the new government.
Shinhan Asset Management's 'SOL Palantir Covered Call ETF' 2 types first dividend in April launch… Annual distribution rate up to 26% - Hans Economy[Hans Economy=Choi Cheon-wook Reporter] Shinhan Asset Management announced on the 2nd that it will pay the first dividend for the two types of 'SOL Palantir Covered Call ETF' launched last month. The distribution per share is 150 KRW for 'SOL Palantir US Treasury Covered Call Hybrid' and 230 KRW for 'SOL Palantir Covered Call OTM Bond Hybrid', and the annualized distribution rates (based on the closing price on the 28th of last month) reach 17.16% and 26.28% respectively. Both products aim for stable monthly dividends alongside capital gains by using a covered call strategy while investing in Palantir (PLTR), a global leader in AI software. Additionally, they are available in retirement pension (DC/IRP) accounts.