[DigitalToday reporter Sangyeop Oh (오상엽)] Mirae Asset Securities will roll out a performance-linked integrated investment account (IMA) product worth a total of 100 billion won.

Mirae Asset Securities said on May 26 it will launch 'Mirae Asset IMA No. 3'. The total size of the product is 100 billion won. Of that, 95 billion won will be raised from clients, while the remaining 5 billion won will be invested by Mirae Asset Securities as a seed investment, or initial proprietary capital investment.

Mirae Asset IMA No. 3 is a performance-linked product in which Mirae Asset Securities bears the obligation to pay principal and pays returns depending on investment performance. It has a maturity of 3 years.

The product will be managed to seek stable interest income, focusing on interest-bearing assets such as corporate loans and corporate bonds. It also aims to generate additional returns through investments in global innovative companies and mezzanine investments.

A Mirae Asset Securities official said, "IMA is a performance-linked product in which a securities firm directly manages client funds and allocates returns based on performance." The official added, "It is drawing the interest of many investors in that the securities firm bears the obligation to pay the principal based on its own credit."