Shinhan Asset Management Launches Korea's First Monthly Dividend ETF
Shinhan Asset Management has announced the launch of Korea's first monthly dividend ETF, 'SOL Dividend Top Picks Active ETF,' and has initiated its first monthly dividend distribution. This ETF specifically targets companies with a dividend payout ratio of over 40% or those that have increased cash dividends by more than 10% compared to the previous year. This distinctive approach has resulted in an accumulated return rate of 28.55% since its listing, with net assets growing to 61.3 billion KRW, making it an attractive investment choice.
The ETF portfolio includes 23 companies such as Woori Financial Group, Kia, KT&G, among others, and adjustments to the portfolio can be made during the asset management process. The current dividend distribution stands at 70 KRW per stock, translating to an approximate annual yield of 4.3%. This aligns with Shinhan Asset Management's strategy to offer competitive returns in the current financial market. Investors should also take note of the company's strategic focus on high-dividend and dividend growth companies, especially considering the impending tax law revisions in 2025.
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Shinhan Asset Management, 'SOL Dividend Yield Top Pick Active' First Monthly Dividend Payment - Newspim[Seoul=Newspim] Reporter Kim Ga-hee = Shinhan Asset Management announced on the 3rd that its monthly dividend exchange-traded fund (ETF) 'SOL Dividend Yield Top Pick Active' will pay its first monthly dividend. The expected distribution amount this time is 70 KRW per share, with a monthly distribution rate of approximately 0.54%, and an annualized rate of about 4.3%
Shinhan Asset Management's 'SOL High Dividend Payout Active' Makes First Monthly Dividend Payment…"Immediate Inclusion of Corporations Meeting Separate Taxation Requirements" - E Today(Shinhan Asset Management) In the context of changes in tax law, Shinhan Asset Management preemptively incorporated the market's focus on 'dividend payout ratio' criteria into its investment strategy with a monthly dividend exchange-traded fund (ETF).
Immediate Inclusion of Companies Meeting Separate Taxation Requirements, ‘SOL Dividend Top Pick Active’ Pays First Monthly DividendShinhan Asset Management announced that the ‘SOL Dividend Top Pick Active ETF’, a monthly dividend exchange-traded fund (ETF) that preemptively incorporates the dividend payout ratio standard, which has been the focus of market interest amid tax law amendment trends, will pay its first monthly dividend on the 3rd. The announced distribution per share is 70 KRW, with a monthly distribution rate of ...