Securities firms have consecutively halted the sale of public funds that include Homeplus bonds. This is for the protection of investors as Homeplus has applied for corporate rehabilitation.
According to the financial investment industry on the 10th, several securities firms, including Kiwoom Securities, KB Securities, Eugene Securities, and NH Investment & Securities, have suspended new purchases of the "Mirae Asset IPO Public Stock Selection Hybrid Asset Investment Trust (Private Indirect Type)" fund.
This fund is primarily a private placement fund that utilizes a public stock strategy. It is known that Homeplus short-term bonds are included in the investment targets of the private placement fund. The fund's management size is approximately 86 billion won. The proportion of Homeplus electronic short-term bonds included is about 0.1%, which has recently all been written off.
Previously, Kiwoom Securities halted fund sales on the 7th due to "investor protection measures following the inclusion of Homeplus stocks." The assessed value of the fund held by Kiwoom Securities is known to be around 400 million won. KB Securities has also suspended new fund sales starting that day for the purpose of protecting investors, and on the same day, Eugene Securities joined the ranks of those suspending sales.
As the ripple effect of the Homeplus situation spreads, it seems that an increasing number of securities firms will consider halting fund sales. Recently, instances of bonds included in public funds being written off have occurred, leading to increased market anxiety.
Previously, KCGI Asset Management processed the write-off of 80% for the bonds included in the "KCGI Public Stock High Yield Securities (Bond Mix)" and "KCGI Public Stock High Yield Maturity Type Securities No. 2 (Bond Mix)" on the 5th. The total amount invested in Homeplus short-term bonds by these funds is 1 billion won. The KCGI Public Stock High Yield Securities has 800 million won invested with 640 million won written off, while 200 million won was invested in the KCGI Public Stock High Yield Maturity Type, with 160 million won written off.