Low-income investors account for about 111.5 billion won
Fund channels money into AI, semiconductor and biotech firms
The Financial Services Commission said Wednesday that cumulative sales of the second National Growth Fund reached 330.16 billion won ($246 million) over five days, equal to 55 percent of the 600 billion won total target.
Securities firms accounted for about 189.2 billion won, or 57.3 percent of total sales, while banks accounted for about 141 billion won, or 42.7 percent, meaning more investors subscribed through brokerages than through banks.
Half of the target amount was reserved for low-income investors during the first five trading days, and that group contributed about 111.5 billion won — roughly 34 percent of total sales, in line with the approximately 35 percent share recorded in the first round.
Online subscriptions dominated across both channels during the five-day period, accounting for 74 percent of bank sales and 78.6 percent of securities firm sales.
Restrictions on priority allocation for low-income investors and caps on online sales were in place through Wednesday. Those limits will be lifted from Thursday through the sales deadline of Oct. 15.
Banks and securities firms began selling the second National Growth Fund on Sept. 30.
The fund gives ordinary investors indirect exposure to companies in advanced industries that are difficult to access directly, including AI, semiconductors, biotech, secondary batteries, robots and energy.
Subscriptions are available at 10 commercial banks and 14 securities firms. Investors who participated in the first round are generally ineligible; however, those who opened an account during the first round but did not actually invest may subscribe to the second round.
jiyun@heraldcorp.com
