Launch and Early Sell-Out of Shinhan Asset Management's 'SOL US Dividend Bond 50' ETF
Shinhan Asset Management's 'SOL US Dividend Bond 50' ETF quickly gained popularity, with the initial set amount of 10 billion won selling out in just two days. This ETF allocates investments equally between the US Dividend Dow Jones and 10-year US Treasury bonds, particularly drawing interest from retirement pension (DC and IRP) accounts. Its first monthly dividend is scheduled for November 18.
Shinhan Asset Management has highlighted the ETF's potential to offer a stable annual dividend yield of 3% and benefit from the rising bond yields due to falling interest rates. The ETF's unique appeal lies in its capability to be fully invested within retirement pension accounts, with rapid market growth and heightened interest in safe assets driving this demand.
In a separate development, the US Federal Reserve’s policy shift resulted in a 0.5 percentage point cut in the base interest rate to a range of 4.75% - 5.25%. While the stock market reacted positively, semiconductor stocks did not rebound. The potential for growth in the AI industry remains optimistic, with related infrastructure stocks, such as those tied to energy supply agreements with tech giants like Microsoft, seeing increased interest.
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Shinhan Asset Management's ‘US Dividend and US Treasury Mixed 50’ ETF Sold Out Early - Maeil Business NewspaperShinhan Asset Management announced on the 26th that the initial allotment of 10 billion won of its 6th monthly dividend exchange-traded fund (ETF), 'SOL US Dividend and US Treasury Mixed 50,' which was listed on the 24th, was completely sold out in just two days. This ETF is the 6th monthly dividend product by Shinhan Asset Management, which opened the domestic monthly dividend ETF market, and is also one of the US dividend Dow Jones ETFs in Korea where the entire deposit can be made through retirement pension (DC, IRP) accounts.
Shinhan Asset Management's 6th Monthly Dividend ETF Sold Out in Just Two Days - Financial News[Financial News] The initial amount of Shinhan Asset Management's 6th self-released monthly dividend ETF was completely sold out within two days of release. It is the first type in Korea that mixes U.S. Treasury bonds with U.S. dividend Dow Jones stocks, and is the only product that can be 100% invested in retirement pension accounts. According to Shinhan Asset Management, the initial amount of 10 billion won for the ‘SOL U.S. Dividend U.S. Treasury Mix 50,’ which was listed on the 24th, was all sold out.
Caught the Retirement PensionThe initial allocation of the 'SOL US Dividend US Treasury Mix 50' ETF (Exchange Traded Fund), which was listed on the 24th, sold out within two days. The securities industry considers the rapid influx of large sums into an asset allocation ETF for pension accounts, rather than a stock-themed product, as unusual. According to Shinhan Asset Management, the initial amount set for the 'SOL US Dividend US Treasury Mix 50' ETF, which was set at 10 billion KRW, was gone by the second day...
'SUD + US Treasuries'... 'SOL US Dividend Mixed with US Treasuries 50', Sold Out in Two Days - EdailyShinhan Asset Management announced on the 26th that the initial setup volume of the recently listed exchange-traded fund (ETF) ‘SOL US Dividend Mixed with US Treasuries 50’ ETF was sold out. This is just two days after its listing. (Photo = Shinhan Asset Management) According to Shinhan Asset Management, SOL US Dividend Mixed with US Treasuries 50, which was set at 10 billion won...
Shinhan Asset Management's 'SOL US Dividend US Bond Mix 50' ETF Sold Out Early - Yonhap News(Seoul=Yonhap News) Reporter Lim Eun-jin = Shinhan Asset Management announced that the initial allocation of the 'SOL US Dividend US Bond Mix 50' ETF sold out in two days...
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