Business · Markets · 1 hr ago

NH Investment & Securities opens applications for 1.2 trillion won IMA

NH Investment & Securities opens applications for 1.2 trillion won IMA

NH Investment & Securities will take applications for a new investment product from Oct.

26 to 29, or until its allocation is filled.

The product, called N2 IMA1 Mid-term Type 4, has a 2-year-and-3-month term and a 1.2 trillion won issue size.

It follows the same structure as the company’s Mid-term Type 3, which sold out during its application period.

The product is an integrated investment account in which the securities firm promises to repay the principal and invests customer funds in corporate finance assets such as business loans and corporate bonds.

Its annual benchmark return is 4.5%, and 40% of returns above that level after fees goes to performance fees.

The company says it aims to earn returns by financing established companies, while demand may be supported by investors seeking a balance of stability and return.

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