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NH Investment & Securities launches first short-term IMA product
NH Investment & Securities has announced the launch of its first short-term Investment Management Account (IMA) product, titled 'N2 IMA1 Short-term No. 1'. The product is designed to meet investor demand for shorter capital management periods, featuring a maturity of 18 months. The company aims to recruit approximately 100 billion won through a first-come, first-served subscription process ending October 7.
The short-term product offers a benchmark return for performance fees of 4.3% per annum, which is higher than previous mid-term versions. The total fee is set at 0.5%, a 0.1 percentage point reduction compared to mid-term products. A performance fee of 40% will be applied to returns exceeding the benchmark.
IMA products allow securities firms to invest client funds into corporate finance assets, such as corporate loans, bonds, and acquisition financing. NH Investment & Securities noted that its previous mid-term IMA products were highly popular among high-net-worth individuals, with customers holding over 1 billion won accounting for 68% of sales in the most recent mid-term offering. If the new short-term product is fully subscribed, the company's cumulative IMA recruitment will reach approximately 740 billion won.
Entities
Bae Kwang-soo · Hana Securities · KB Securities · NH Investment & Securities · Shinhan Securities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The 'N2 IMA1 Short-term No. 1' has a maturity of 18 months and a target fund size of approximately 100 billion won. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [● 3 SOURCES] A 40% performance fee is applied to returns that exceed the benchmark rate. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [● 3 SOURCES] NH Investment & Securities is launching its first short-term IMA product, 'N2 IMA1 Short-term No. 1'. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [● 3 SOURCES] The benchmark return for performance fees is set at 4.3% per annum. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [● 3 SOURCES] IMA funds are invested in corporate finance assets, including corporate loans, bonds, and acquisition financing. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [● 2 SOURCES] High-net-worth individuals with assets over 1 billion won accounted for 68% of sales in the third mid-term IMA product. sateconomy.co.kr · biz.heraldcorp.com
- [● 3 SOURCES] The total fee for the short-term IMA is 0.5%, which is 0.1 percentage points lower than previous mid-term versions. www.imaeil.com · sateconomy.co.kr · biz.heraldcorp.com
- [○ 1 SOURCE] If fully subscribed, the cumulative recruitment for NH Investment & Securities' IMA products will reach approximately 740 billion won. sateconomy.co.kr