Shinhan Asset Management's Shinhan Neuberger Berman U.S. Value Stock Fund (H) Surpasses KRW 100 Billion in Net Assets

Shinhan Asset Management's U.S. value stock investment product, the Shinhan Neuberger Berman U.S. Value Stock Fund (H), has surpassed KRW 100 billion in net assets.

On October 13, Shinhan Asset Management announced that the net assets of the Shinhan Neuberger Berman U.S. Value Stock Fund (H) had exceeded KRW 100 billion.

The fund is a single fund of funds that invests in Neuberger Berman US Large Cap Value, a leading global value stock fund. It diversifies investments in large-cap U.S. value stocks by leveraging the specialized investment strategies of a global asset manager. A dedicated team and data science team at Neuberger Berman, a U.S.-based full-service asset manager with an 87-year history, comprehensively analyze companies' profitability, financial structure, cash flow, and other factors to identify high-quality, undervalued stocks.

The underlying fund diversifies its investments across 50 to 65 stocks in major sectors, including financials, healthcare, materials, industrials, IT, and energy. Its major holdings include Amazon, Exxon Mobil, Southern Copper, Microsoft, and JPMorgan Chase. The portfolio is currently concentrated in materials, healthcare, and energy.

The fund has also delivered strong returns. As of October 8, the product had posted a year-to-date return of 15.86% and a one-year return of 22.48%, based on the managed fund. These results reflect the relative outperformance of undervalued stocks as valuation pressures on value stocks have eased compared with growth stocks.

"The current macroeconomic environment in the United States is favorable to value stocks, and we expect their investment appeal to remain high," said Kim Seonghun, head of the Global Equity Investment Division at Shinhan Asset Management. "We plan to continue using market volatility to identify stocks that are undervalued relative to their corporate value and add them to the portfolio."

Meanwhile, Shinhan Asset Management plans to introduce an additional currency-unhedged product to expand investors' choices. The Shinhan Neuberger Berman U.S. Value Stock Fund (H) is available through NH Investment & Securities, Mirae Asset Securities, Samsung Securities, Eugene Investment & Securities, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea, and BNK Busan Bank.

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