The National Participation Growth Fund has fully subscribed its total offering of 600 billion won within just one week of its launch.
The Financial Services Commission announced on May 29 that the entire amount was sold out due to strong public interest and demand. Originally, the subscription period was set to last until June 11, but the limit was reached within the first week of sales.
A total of 30,258 investors participated in this round. Of these, 15,207 subscribed through banks, while 15,051 used securities firms, indicating a balanced distribution between the two channels.
Among the investors, 11,677 were classified as low-income earners, making up 38.6% of the total. The criteria for low-income status are an annual earned income of 50 million won or less, or a total income of 38 million won or less for those with other sources of income, aligning with the standards for low-income Individual Savings Accounts (ISAs).
The average investment per person was approximately 19.83 million won. In terms of sales volume, low-income earners accounted for about 35% of the total. By channel, low-income earners represented 43.0% of bank sales, compared to 28.2% of securities sales.
However, the Financial Services Commission noted that there may be fluctuations in the statistics due to potential cancellations or resales before the subscription period ends on June 11. Any changes due to cancellations will need to be confirmed through individual sales firms.
The National Participation Growth Fund is set to be established on June 12, following the end of the subscription period. Actual investments are expected to commence on June 15 for each sub-fund.
Investors will be able to review investment details for each sub-fund through asset management reports generated every three months after the fund is established. These reports will be distributed within two months from the reference date.
* This article has been translated by AI.
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