Over 10,000 investors in their 50s pour 231.6 billion won into fund
Those 60 and older average up to 27.8 million won per person
People in their 50s accounted for the largest share of both subscribers and investment amounts in the 600 billion won ($423 million) National Growth Fund, a public participation investment vehicle launched in June, data showed. Those aged 60 and older had relatively fewer subscribers but posted the highest per-capita investment of any age group, highlighting strong participation from middle-aged and older investors.
According to data the Financial Services Commission submitted to People Power Party lawmaker Kim Sang-hoon's office, the first round of the fund closed sales on June 11, drawing 30,038 subscribers in total. Through 10 banks, 15,201 people invested about 274.8 billion won, while 14,837 people invested about 324.1 billion won through 15 securities firms.
By age group, investors in their 50s were the most active. At banks, 5,019 people invested 104.2 billion won, accounting for 33.0 percent of subscribers and 37.9 percent of the total investment amount. At securities firms, 5,154 people invested 127.4 billion won, representing 34.7 percent and 39.3 percent, respectively — the highest share of any age group. Combined, investors in their 50s numbered 10,173, with total investments reaching 231.6 billion won.
Investors aged 60 and older made a stronger impression in investment size than in subscriber count. They totaled 4,588 subscribers and 115.7 billion won in investments. Their average per-capita investment was 23.36 million won at banks and 27.8 million won at securities firms, both exceeding the overall subscriber averages of 18.08 million won and 21.84 million won, respectively.
Investors in their 40s also showed strong participation, with 4,353 people investing 71.3 billion won through banks and 5,004 people putting in 99.3 billion won through securities firms, bringing their combined total to more than 170 billion won.
By contrast, investors in their 20s and 30s totaled 5,852 — 3,106 through banks and 2,746 through securities firms — and invested 36.4 billion won and 43.8 billion won, respectively, for a combined 80.2 billion won. Their share of total investment was 13.2 percent at banks and 13.5 percent at securities firms.
Most investors put in 30 million won or less. At banks, 13,760 people — 90.5 percent of all bank subscribers — invested at or below that threshold, as did 13,150 people, or 88.6 percent, at securities firms.
Lower-income investors also participated actively. The first round set aside 20 percent of total sales, or 120 billion won, for preferential allocation to lower-income investors. Lower-income investors ultimately accounted for 43.1 percent of actual investment amounts at banks and 27.9 percent at securities firms, while their share of subscribers stood at 45.8 percent and 31.7 percent, respectively.
The FSC plans to launch a second round of the National Growth Fund worth 600 billion won in September, expanding the preferential allocation for lower-income investors from 20 percent to 50 percent of total sales.
rim@heraldcorp.com
