Search results for Public Growth Fund
Finance
First, second public participation growth fund returns weak; FSC says too early to judge
The first Public Participation Growth Fund posted a 0.5 percent cumulative return over the past three months as of Sept. 11, according to an asset management report disclosed on Oct. 26. South Korea’s Financial Services Commission said it is difficult to judge performance based only on short-term returns because the closed-end fund has a five-year maturity and holds a high share of long-term investments. The regulator is also moving ahead with the second fund.
Finance
Shinhan Investment & Securities completes public growth fund subscription, raises allocation for low-income investors to 35 percent
Shinhan Investment & Securities completed subscriptions for the Public Growth Fund, a government policy financial product, it said on Thursday. It set the allocation for low-income investors at 35 percent of the 20 billion won total, above the government guideline of 20 percent. Of the allocation, 5 billion won came from offline subscriptions and 2 billion won from online subscriptions. The fund invests in domestic growth companies using public and policy funds.
Finance
Public growth fund sales to start on May 22, backing unlisted firms and tech-special Kosdaq listings
South Korea will sell a public-participation growth fund to retail investors from May 22 to June 11, raising 600 billion won and adding 120 billion won in fiscal funding to total 720 billion won. The fund will allocate at least 60 percent to companies in 12 advanced strategic industries. At least 30 percent will go as new funding to unlisted companies and Kosdaq firms listed under a technology-special listing track, with limits on KOSPI exposure.
