Shinhan Asset Management Announces First Monthly Dividend for SOL Gold Covered Call Active ETF
Shinhan Asset Management has announced the initiation of the first monthly dividend for its 'SOL Gold Covered Call Active ETF'. This ETF tracks over 90% of the international gold price and employs a covered call strategy to provide investors with an annualized return of over 4%, averaging approximately 4.32%. Since its listing in March, it has achieved a return of 13.32%, outperforming the KRX gold spot and other major indices.
The product is suitable for investors seeking stable income, especially those targeting tax savings through retirement products. The covered call strategy generates income through option premiums, combining with gold, a perceived safe asset, to aid in portfolio diversification and risk management. The recent increase in gold prices and the necessity for portfolio diversification enhance the investment appeal.
This ETF also offers the benefit of deferred taxation when invested through tax-advantaged accounts. Shinhan Asset Management emphasizes that this product is an ideal choice for investors seeking both capital appreciation and dividend income, as it follows gold price fluctuations while providing stable dividends.
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Shinhan Asset Management Pays First Monthly Dividend for SOL Gold Covered Call Active ETF - Hans Economy[Hans Economy=Choi Cheon-wook] Shinhan Asset Management announced on the 2nd that the 'SOL Gold Covered Call Active ETF' would pay its first monthly dividend. According to Shinhan Asset Management, investors holding this ETF until April 28 will receive 40 won per share on this day, with an annualized distribution rate of around 4.32%. The SOL Gold Covered Call Active ETF tracks international gold prices by over 90% and uses the covered call strategy to utilize option premiums as a distribution resource. It is uniquely designed to provide investors with a monthly dividend of about 4% despite investing in gold, which typically offers neither interest nor dividends. Kim Ki-duk, Head of Quant & ETF Management Division, stated that “SOL
Shinhan Asset Management to pay first monthly dividend of 40 KRW per share for Gold Covered Call Active ETF - Money TodayShinhan Asset Management announced on the 2nd that the SOL Gold Covered Call Active ETF will pay its first monthly dividend of 40 KRW per share. It will be paid to investors holding the ETF until the 28th of last month, with an annualized distribution rate of approximately 4.32%. The SOL Gold Covered Call Active ETF follows more than 90% of international gold prices and utilizes the covered call strategy to use option premiums as distribution resources. Interest or ...
Shinhan Asset Management 'SOL Gold Covered Call Active ETF First Monthly Dividend Payment' - Financial NewsShinhan Asset Management announced on the 2nd that the 'SOL Gold Covered Call Active ETF' will make its first monthly dividend payment. Shinhan Asset Management explained, "For investors holding this ETF until April 28, 40 KRW per share will be paid today (2nd), with an annualized distribution rate of approximately 4.32%." SOL Gold Covered Call Active ETF..
Shinhan Investment Management, First Monthly Dividend Payment for 'SOL Gold Covered Call Active' - Daily AnThe 'SOL Gold Covered Call Active,' an ETF by Shinhan Investment Management that offers the opportunity to invest in gold while expecting dividend income, is making its first monthly dividend payment. According to Shinhan Investment Management on the 2nd, investors who held the 'SOL Gold Covered Call Active' until the 28th of last month will receive 40 KRW per share today. The annualized distribution rate is approximately 4.32%. The 'SOL Gold Covered Call Active' tracks 90% of the international gold price.
Shinhan Asset SOL Gold Covered Call Active ETF First Monthly Dividend Payment - E-TodayShinhan Asset Management announced on the 2nd that they will pay the first monthly dividend for the 'SOL Gold Covered Call Active Exchange Traded Fund (ETF)', which invests in gold and offers potential dividend income.