Shinhan Asset Management announced on the 4th that it distributed monthly dividends for its two "SOL Palantir Covered Call ETF Series" products the previous day.
The distribution amounted to 205 won per share for "SOL Palantir US Treasury Covered Call Hybrid" and 185 won per share for "SOL Palantir Covered Call OTM Bond Hybrid." Monthly dividend yields were 2.03% and 2.08% respectively, translating to annualized yields of 20.5% and 24.78%. Both products have maintained monthly dividend yields of approximately 2% for 10 consecutive months since their first distribution in June last year.
According to Shinhan Asset Management, the two products have attracted cumulative net purchases of 283 billion won from retail investors since their listing in April last year. As of the previous day, net assets stood at 337.8 billion won for "SOL Palantir Covered Call OTM Bond Hybrid" and 216.8 billion won for "SOL Palantir US Treasury Covered Call Hybrid." Both products invest in Palantir, a US artificial intelligence software company gaining attention in the defense industry, while employing covered call strategies to preserve returns during market downturns and pursue stable monthly dividends.
The "SOL Palantir Covered Call Series" allows investors to select strategies based on their investment preferences. "SOL Palantir Covered Call OTM Bond Hybrid ETF" participates partially in Palantir's stock price appreciation while pursuing more aggressive income generation through out-of-the-money call option sales. In contrast, "SOL Palantir US Treasury Covered Call Hybrid ETF" allocates up to 30% to Palantir while combining a covered call strategy based on long-term US Treasury bonds, targeting relatively stable monthly distribution sources.
Kim Ki-duk, Head of Quant & ETF Management at Shinhan Asset Management, said, "Meta and AMD's massive partnership worth 144 trillion won, along with Anthropic's message that AI will serve as a complement enhancing productivity in existing work environments rather than replacing existing software, have become catalysts reversing market sentiment." He added, "Palantir is a leading AI software company continuously building substantial references, and will be one of the stocks with strong recovery resilience during the sector-wide rebound phase."