Mirae Asset Securities' integrated managed account (IMA) No. 1 product will be launched on the 22nd.
An IMA is an investment product in which the securities firm directly manages client funds and allocates revenue according to performance. A feature is that the firm bears the payment obligation for principal based on its own credit.
According to the financial investment industry on the 17th, Mirae Asset Securities will unveil an IMA product. The subscription period is from the 22nd to the 24th of this month, and the establishment date is the 26th.
The Mirae Asset Securities IMA No. 1 being launched this time has a three-year maturity and targets a baseline yield of 4% per year. The yield is not fixed at the time of subscription, and the final redemption amount is calculated at maturity based on actual investment performance. Early termination is not allowed.
The offering size is 100 billion won. Of this, 95 billion won is to be raised from clients, and the remaining 5 billion won will be contributed by Mirae Asset Securities in the form of a seed investment. The subscription amount ranges from a minimum of 1 million won to a maximum of 5 billion won.
Managed assets will be diversified across various corporate finance assets and venture capital, including corporate loans and acquisition financing, investments in unlisted companies, and venture capital (VC). The firm said the design aims to pursue investment stability while enabling agile responses to market changes.
Jeon Kyung-nam, head of the Trading Division at Mirae Asset Securities, said, "With the introduction of the IMA, clients now have a new investment vehicle and expanded choices," adding, "We will do our best to establish ourselves as a trusted IMA operator for clients by uncovering high-quality investment opportunities and thoroughly managing risk."