It can feel like a missed opportunity to lock up money only in bank deposits, yet many investors also hesitate to take on aggressive bets. For these investors, an integrated management account (IMA) is worth considering as an alternative. With the securities firm bearing the obligation to pay back principal while allowing for additional gains depending on performance, the product pursues both stability and profitability.
Mirae Asset Securities has rolled out IMA products up to the third tranche since last year. The total size of "Mirae Asset IMA No. 3," a performance-based IMA product, is 100 billion won, of which 95 billion won is raised from customers and the remaining 5 billion won is invested by Mirae Asset Securities. The maturity is three years. It was offered on a first-come, first-served basis for three days through May 28, and the entire 95 billion won allocation was sold.
Mirae Asset IMA No. 3 is managed with the goal of seeking steady interest income through investments in interest-bearing assets such as corporate loans and corporate bonds, while also generating additional returns through investments in global innovation companies and mezzanine instruments.
Earlier, Mirae Asset Securities also successfully completed subscriptions for IMA Nos. 1–2, introduced in December last year and in March this year. Mirae Asset IMA No. 2 closed early after filling the entire 95 billion won offering in two trading days after launch, and IMA No. 1 likewise drew about 475 billion won in funds for a 95 billion won subscription.
In particular, the IMA No. 1 product, which sold out last year, posted a 10.47% return since inception as of the end of May.
A Mirae Asset Securities official said, "IMA is a performance-based product in which a securities firm directly manages customer funds and distributes returns according to performance, and investor interest is high because the firm bears the payment obligation on principal based on its own credit," adding, "Mirae Asset Securities will continue to identify investment opportunities that consider both stability and growth through a customer-first philosophy and differentiated investment capabilities."