The South Korean bank has entered the ESG space with structured funds linked to sustainable underlyings developed by S&P DJI and Stoxx.
The distributor has debuted two equity-linked funds (ELFs) tracking equity-linked securities (ELS) tied to the performance of a series of ESG indices, which together derived KRW385m (US$339,903). The three-year funds, issued by Shinhan Asset Management, struck on 3 May - they were open for public subscription between 26 and 28 April. Both invest at least 90% of the principal to the ELS. One of the products, the Shinhan ESG Index-Linked Securities Investment Trust No. S-1 [ELS-