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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

Brokerage IMA products sell out early, banks watch for money moves

New integrated management account (IMA) products at brokerages sold out shortly after launch, helped by yields around 4 percent that are higher than bank time deposits while offering structures that effectively protect principal. The early success is drawing attention to whether it could trigger larger fund shifts from banks to brokerages, alongside retirement pension transfers that allow customers to switch providers without cancelling existing products. Banks are highlighting taxes and liquidity limits to defend deposits.