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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.