Korea Investment Securities said on Jan. 22 that its second Integrated Management Account (IMA) product, "Korea Investment IMA S2", completed setup after raising about 7.384 billion won over 4 business days of subscription.

The second offering drew a large amount of money in a short period following the first IMA introduced in December last year, bringing inflows into Korea Investment Securities' IMA products alone to about 18.0 trillion won.

The firm attributed the result to improved understanding of the IMA product structure, as well as expanded sales channels and customer touchpoints, which it said quickly increased participation by retail clients.

It said an expansion of its new customer base and inflows of external funds were also evident.

Of the amount raised from individual clients for this product, 11 percent came from new trading customers and 56.8 percent was new money transferred from other financial firms. It said the share of new-money inflows increased from the first subscription, showing a "money move" reflecting interest in financial investment.

Korea Investment Securities said it is also preparing to launch a third IMA product. It said it will selectively use secured investment banking deals and managed assets to diversify maturity structures and asset composition, and expand its product lineup step by step in consideration of market demand and the investment environment.

Kim Sung-hwan (김성환), CEO of Korea Investment Securities, said, "Funds flowing in within a short time even for the second IMA product shows that customers recognise IMA as an investment tool they can trust." He added, "We will sequentially introduce follow-up IMA products to establish ourselves as a corporate-finance-based investment platform that contributes to customers' asset building."