NH Investment & Securities has fully subscribed its comprehensive investment account (IMA) product for the third consecutive time, with significant inflows from high-net-worth individuals and corporate funds. Notably, the proportion of sales from clients with financial assets exceeding 1 billion won reached 68%, indicating growing interest from affluent investors.
According to NH Investment & Securities, the 'N2 IMA1 Medium Type 3' product, which began accepting subscriptions on August 18, reached its target amount of 120 billion won within just one day. The initial subscription period was set to end on August 24, but it closed early.
The performance fee benchmark return for the third product is set at 4.5% annually, which is 0.5 percentage points higher than the 4.0% for the first and second products. NH Investment & Securities attributes the early subscription to increased market interest in the IMA, along with these favorable terms.
This latest success marks the third consecutive time NH Investment & Securities has met its subscription goals for the IMA product. Following the first product's 400 billion won in April and the second product's 120 billion won in June, the total issuance amount has now reached 640 billion won.
In particular, the investment share from high-net-worth individuals in the third product has significantly increased, with 68% of sales attributed to clients with financial assets over 1 billion won. This surpasses the 62% from the first product and 51% from the second, marking the highest level among the three products. The share of sales from clients with financial assets over 3 billion won also rose compared to previous rounds.
Corporate funds have also steadily contributed, with corporate clients accounting for 49% of sales in the third product. This figure is consistent with the previous products, where corporate clients represented 57% and 66% of sales, respectively. Cumulatively, corporate clients account for 56.7% of total sales across all three products.
Additionally, a significant portion of external funds has been attracted, with 42% of the sales in the third product identified as new funds. The cumulative share of new funds across all three products stands at 56.7%.
NH Investment & Securities cites the successful collaboration between its retail, asset management, and investment banking (IB) divisions as a key factor in the IMA's continuous success. The product planning and design are conducted in consultation between the retail channel solutions division and the asset management division's IMA management team. Sales are handled by the wealth management and digital divisions, while the funds raised are managed by the IMA management team.
During the management process, the IB division's deal-sourcing capabilities are also utilized. The assets included in the first and second products, such as domestic corporate loans, acquisition financing, private bonds, and bridge loans, were all sourced through the IB division.
Baek Kwang-soo, CEO of NH Investment & Securities, stated, "The consecutive full subscriptions and the steady inflow of high-net-worth and corporate clients demonstrate that the IMA has firmly established itself as a stable investment option in the market. We will continue to enhance our integrated business structure, combining the product planning and sales capabilities of the retail division with the deal-sourcing strengths of the IB division and the operational expertise of the asset management division, to provide better investment opportunities for our clients."
* This article has been translated by AI.
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