Shinhan Asset Management announced Wednesday that its Shinhan Global Carbon Neutral Solution Fund (H) has surpassed 100 billion won ($72 million) in assets under management.
The fund attracted 27.2 billion won in net inflows this year alone through July 1, growing to 105.1 billion won in total assets. This stands in stark contrast to the broader offshore equity public fund category, which saw approximately 1.28 trillion won in net outflows over the same period. According to fund evaluator Zeroin, the Shinhan Global Carbon Neutral Solution Fund (H) posted a one-year return of 105.18%, far exceeding the 20.84% average return of peer offshore equity funds.
The fund is a global equity product that selectively invests in structurally growing industries, including artificial intelligence infrastructure such as semiconductors, data centers and power grids, as well as the energy transition sector covering renewable energy, nuclear power and electrical equipment. Shinhan explained that the fund approaches carbon neutrality not as a simple environmental, social and governance (ESG) theme but from the perspective of "energy infrastructure expansion in the AI era."
Key holdings include Samsung Electronics (005930.KS), Nvidia, SK hynix (000660.KS), Vertiv Holdings, GE Vernova, Bloom Energy and Lumentum. The portfolio is centered on AI semiconductors, power infrastructure and clean energy.
"If last year was a period when share prices of virtually all companies in the AI infrastructure and ecosystem rose, this year has ushered in the 'AI factory' era, where select companies in specific areas are delivering differentiated investment returns," said Kim Ju-young, team head of the equity investment division at Shinhan Asset Management. "Over the next two to three years, growth in the inference domain will bring expanded investment opportunities in energy, networks and token volume."