New Players in the ETF Market: Hanwha Asset Management and Shinhan Asset Management
Hanwha Asset Management’s PLUS Tesla Weekly Covered Call Bond Hybrid ETF has surpassed 100 billion KRW in net assets just three months post-listing, gaining significant attention. This ETF allocates 30% of its portfolio to Tesla and 70% to three-year government bonds, utilizing the sale of weekly call options as a dividend source. Its recently observed payout ratio in the 2% range provides investors with a stable cash flow, while effectively minimizing losses despite Tesla's stock price decline.
Shinhan Asset Management plans to list the SOL 200 Target Weekly Covered Call ETF, based on the KOSPI 200 index, on April 17. This ETF aims for an annual 15% option premium income through a weekly call option selling strategy and benefits from tax exemptions for domestic option premium incomes, positioning itself as a tax-efficient investment vehicle. Additionally, it is designed to distribute dividends at the beginning of each month, making it an attractive option for investors seeking stable income flows.
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Hanwha Asset Management's 'Tesla Covered Call Bond Mix ETF' Surpasses KRW 100 Billion in Net Assets - dt.co.krHanwha Asset Management announced on the 16th that the net assets of PLUS Tesla Weekly Covered Call Bond Mix ETF have surpassed KRW 100 billion. It has been three months since its listing on December 9 last year. According to Korea Fund Ratings' Fund Square, as of the 12th, the net assets of the PLUS Tesla Weekly Covered Call Bond Mix ETF were KRW 102.3 billion.
Hanwha Asset Management's 'PLUS Tesla Weekly Covered Call' Surpasses 100 Billion Won in Net AssetsHanwha Asset Management announced on the 16th that the net assets of the 'PLUS Tesla Weekly Covered Call Bond Hybrid' ETF have surpassed 100 billion won. The main distribution fund, the call option sale premium, is not subject to U.S. withholding tax. Kim Jung-sup, Head of ETF Business at Hanwha Asset Management, said ..
Tax-free benefits on option premiums and early month distributions… 'SOL 200 Target Weekly Covered Call ETF' newly listed - E Today(Shinhan Asset Management) Shinhan Asset Management seeks monthly distributions based on option premiums and dividend income using the KOSPI 200 index as underlying assets through the 'SOL 200 Target Weekly Covered Call ETF'.
“Early Month Distribution”... Shinyoung Asset Management Lists 'SOL200 Target Weekly Covered Call'Shinyoung Asset Management announced on the 16th that it will list the 'SOL 200 Target Weekly Covered Call ETF' on the 17th. The SOL 200 Target Weekly Covered Call invests in the KOSPI 200 while selling domestic weekly call options on a weekly basis, targeting an option premium income of about 15% per year...