Shinhan Asset Management announced that the net assets of the "SOL Korea High Dividend" ETF exceeded 500 billion won. It has been about five months since its listing in September last year.
Net assets of this product increased from 262.4 billion won at the end of last year to 532.7 billion won on the 19th.
Since listing, the cumulative net purchase amount of individual investors has been 318.1 billion won, ranking first in the inflow of funds among the 36 high-dividend ETFs listed in Korea during the same period.
"With the domestic market continuing to rise, individual investors' interest in high dividend stocks in Korea is higher than ever before ahead of the dividend season," said Kim Jung-hyun, head of Shinhan Asset Management's ETF business. "SOL Korea High Dividend ETF is not just a list of high dividend stocks, but a product designed to increase real dividend yields by structurally reflecting tax benefits and shareholder return policies."
SOL Korea High Dividend is a next-generation high dividend product that reflects the latest dividend policy stance in ETF management strategies, such as expanding separate taxation on dividend income, tax benefits for reduced dividend companies, and policies to encourage treasury stock purchases and incineration. Beyond simply incorporating stocks with high dividend yields, a portfolio is formed by comprehensively considering policy factors such as companies subject to separate dividend income taxation and companies implementing reduced dividends.
The main companies that are incorporated are financial holding companies such as ▲ Woori Financial Group ▲ Hana Financial Group ▲ Shinhan Financial Group ▲ KB Financial Group, ▲ NH Investment & Securities ▲ Samsung Securities ▲ Daishin Securities, and ▲ Hyundai Elevator ▲ Kia ▲ Hyundai Motor ▲ KT&G ▲ Samsung Fire & Marine Insurance ▲ Samsung Life ▲ Industrial Bank.
The rate of return has been 25.58% for the past month, 37.52% for the past three months, and 33.75% since the beginning of the year.
"As the dividend income separation taxation system, which will take effect this year, is supporting companies' dividend expansion, domestic dividend stocks are a new theme to pay attention to," Kim said. "SOL Korea High Dividend ETF is a product suitable not only for investors seeking stable cash flows through monthly dividends, but also for investors who use long-term investment accounts such as pension savings and IRP amid the revaluation trend of domestic dividend stocks."
Meanwhile, Shinhan Asset Management is continuously expanding its domestic high dividend ETF lineup. It is operating SOL Financial Holding Plus High Dividend, which focuses on financial holding companies, including SOL Korea High Dividend, and in January, it newly listed SOL Dividend Tendency Top PickActive, a monthly dividend ETF that focuses on companies subject to separate taxation of dividend income amid the tax law revision trend.
