Shinhan Asset Management Drastically Cuts Fees for SOL International Gold ETF
Shinhan Asset Management has significantly reduced the total expense ratio of its 'SOL International Gold' Exchange-Traded Fund (ETF) from 0.3% to 0.05%. This ETF, the first of its kind in Korea to directly track international gold spot prices, is designed to avoid the distortion known as the 'Kimchi premium' associated with domestic gold prices. The fee reduction is particularly timely amid rising gold prices, offering an advantage to investors by eliminating concerns over roll-over costs and contango losses. The ETF has witnessed a six-fold increase in net assets in one month—from 13.7 billion KRW to 83.2 billion KRW—indicating a surge in investor demand.
While the international gold market remains relatively stable, Korea has seen an abnormal spike in gold prices, which has subsided recently, thereby amplifying interest in this investment product. Shinhan Asset Management aims to align with these market movements by offering a promising long-term investment option, enhanced through strategic fee reductions. Additionally, their SOL International Gold Covered Call Active ETF provides a 4% monthly dividend yield using options premiums, aimed at diversifying returns and enhancing stability.
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Shinhan Asset Management drastically reduces total expense ratio of 'SOL International Gold ETF' from 0.30% to 0.05% - Hans EconomyHans Economy = Reporter Choi Cheon-wook | Shinhan Asset Management, which was listed last April, has reduced the total expense ratio of its 'SOL International Gold ETF', which was listed last April, from 0.3% annually to 0.05% annually. The reduced expense will be applied immediately from the 31st. According to Shinhan Asset Management, the 'SOL International Gold ETF' is the first domestic product to directly track international gold spot prices, reflecting global gold prices directly and being free from price distortions such as the kimchi premium caused by domestic supply and demand factors. Recently, with increasing volatility in gold prices, a phenomenon known as the 'kimchi premium', where domestic gold prices exceed international prices by more than 10%, has also been observed.
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Shinhan Asset Management Lowers 'SOL International Gold' ETF Total Fee to 0.05%[Seoul=NewsPim] Reporter Kim Ga-hee = Shinhan Asset Management announced on the 31st that it will reduce the total fee for the SOL International Gold Exchange Traded Fund (ETF) from the existing 0.3% per year to 0.05% per year. The reduced fee will be applied starting today. The SOL International Gold ETF is the first domestic product to directly track international gold spot prices.
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Benefit from 'Kimchi Premium' Collapse... Shinhan Investment Lowers International Gold ETF Fees Significantly - Yonhap InfomaxRecently, as the 'Kimchi Premium' in the domestic gold market collapsed, causing a sharp drop in related ETFs, Shinhan Asset Management significantly reduced the total fees for its international gold ETF, which tracks international gold prices, in an effort to attract investors. Shinhan Asset Management announced on the 31st that it would drastically reduce the total fees for the SOL International Gold ETF from the previous 0.30% per annum to the lowest level in the country, 0.05% per annum. The reduced fees are applicable immediately from today. This fee reduction is interpreted as a strategy to provide an attractive option to investors seeking alternatives as structural issues in the domestic gold market have become more prominent.
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Shinhan Asset Management lowers total expense of ‘SOL International Gold ETF’ to 0.05% per annum - Financial NewsShinhan Asset Management announced on the 31st that it would lower the total expense ratio of the 'SOL International Gold Exchange Traded Fund' from the current 0.3% per annum to 0.05% per annum. A representative from Shinhan Asset Management stated, "Investor interest in gold investment using ETFs is increasing, so we are reducing the total expense to the level of major index ETFs to maximize long-term investment efficiency."
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조선일보2025 10月 31
Shinhan Investment Management Lowers 'SOL Global Gold' ETF Annual Fee to 0.05% - Chosun IlboShinhan Investment Management announced on the 31st that it will lower the total annual fee for the SOL Global Gold ETF from 0.30% to 0.05%. The reduced fee will be applied immediately from today. SOL Global Gold
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