Search results for Integrated Management Account
Finance
Mirae Asset Securities\' Mirae Asset IMA No. 2 sells out early in two trading days
Mirae Asset Securities said on March 26 that its “Mirae Asset IMA No. 2” product sold out early after filling its full subscription amount of 100 billion won in two trading days from launch. The firm said its previous “Mirae Asset IMA No. 1,” introduced in December last year, drew 475 billion won in demand for a 95 billion won offering, posting a 5-to-1 ratio.
Finance
Korea Investment Securities launches third IMA product worth 300 billion won
Korea Investment Securities said on Tuesday it launched its third integrated management account (IMA) product, the Korea Investment IMA S3, and will accept subscriptions from Feb. 12 to Feb. 24. The closed-end product has a two-year maturity, a target size of about 300 billion won and a minimum investment of 1 million won. The firm said it has raised about 1.8 trillion won through two prior offerings.
Finance
Korea Investment Securities says second IMA sells out after raising 7.384 billion won in four days
Korea Investment Securities said on Thursday its second Integrated Management Account product, Korea Investment IMA S2, completed setup after raising about 7.384 billion won over four business days. It said the second subscription followed the first IMA launched in December, bringing total inflows into its IMA products to about 18.0 trillion won. The firm said participation by retail clients increased and it is preparing a third IMA product.