NH Investment & Securities' IMA No. 3 also sells out early... Investors with assets of 1 billion won or more account for nearly 68%

[Financial News] NH Investment & Securities' Integrated Investment Account (IMA) product has sold out three times in a row. In particular, the share of sales to customers with assets of at least 1 billion won rose to a record high in the third product, highlighting strong inflows from high-net-worth individuals and corporate funds.
According to NH Investment & Securities on the 25th, the 'N2 IMA1 Mid-term No. 3,' which began subscription on the 18th, filled its entire target offering of 120 billion won the day after sales opened, selling out early.
For this third offering, the performance-based benchmark return was raised by 0.5 percentage points to 4.5% a year from 4.0% for the first and second offerings. Although subscriptions had originally been scheduled to run until 3 p.m. on the 24th, the target amount was reached in just two days, leading to an early close.
As a result, NH Investment & Securities achieved three consecutive sellouts, following 400 billion won for the first offering in April and 120 billion won for the second in June. The cumulative issuance amount has increased to 640 billion won.
Customers with assets of at least 1 billion won accounted for 68% of sales in the third offering. That was higher than 62% in the first and 51% in the second, marking the highest level to date. The share of sales to customers with assets of at least 3 billion won also increased from the previous rounds.
As the share of high-net-worth investors has grown with each round, market observers say the IMA is moving beyond a short-term hit and establishing itself as a new way for wealthy clients to manage their funds.
Corporate clients also remained active. In the third offering, corporate sales accounted for 49%, following 57% in the first and 66% in the second, meaning the share stayed around half in all three rounds. On a cumulative basis, corporate sales made up 56.7% of the total across the first to third offerings.
New money also continued to flow in. Of the sales in the third offering, 42% came from newly raised external funds. On a cumulative basis for the first to third offerings, the share of new funds stood at 56.7%.
NH Investment & Securities attributed the popularity of the IMA to 'linked business' cooperation among its retail, asset management and investment banking divisions. Product planning and design are handled jointly by the Retail Channel Solutions Division and the IMA Management Headquarters under the Asset Management Division, while sales are carried out by the WM Division and the Digital Division. The funds raised are managed by the IMA Management Headquarters, which also makes use of the Investment Banking Division's deal-sourcing capabilities.
In fact, the domestic corporate loans, acquisition finance, private bonds and bridge loans included in the first and second offerings were all sourced through the Investment Banking Division.
Bae Gwang-su, CEO of NH Investment & Securities, said, "Three straight sellouts and the steady inflow of high-net-worth and corporate clients show that the IMA has firmly established itself in the market as a stable destination for fund management." He added, "We will continue to advance our linked business structure, which organically combines retail product planning and sales capabilities, the Investment Banking Division's deal-sourcing strength, and the Asset Management Division's investment expertise, to provide customers with better investment opportunities."
[email protected] Park Ji-yeon Reporter