Shinhan Financial Group (KRX:055550) subsidiary Shinhan Asset Management's SOL US Dividend and Bond Mix 50 ETF exceeded 150 billion won in net assets since its launch in September, Pulse News reported Tuesday.
The ETF has a 50-50 allocation between US high-dividend stocks and 10-year Treasury bonds, the report said.
The exchange-traded fund's rapid jump in net asset value stems from its higher pension account investments seeking safe asset options such as defined contribution and individual retirement pension plans, the news outlet said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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