Guaranteed principal even with a 21% loss?… New Deal Fund sold out of 200 billion won in 5 days of sales

There is high interest in the’National Participation Policy New Deal Fund’, which continues to sell out based on word of mouth guaranteeing principal.

This fund is a private equity indirect public offering fund mainly investing in equity and mezzanine securities issued by companies in the New Deal sector. It is a method of investing in beneficiary securities of 10 sub-funds that were created with a scale of 200 billion won and operated as private equity funds. The policy funds are subordinated to the investment to protect investors from losses, making it a de facto principal-guaranteed fund. The limit was exhausted at IBK Industrial Bank, the only remaining stock, after being sold out early at six banks on sale from the 29th of last month.

On the 31st of last month, President Moon Jae-in also said through social media, “I tried to help with publicity by signing up, but I missed the opportunity.”

According to the banknote on the 4th, the public participation New Deal Fund sold by the five major commercial banks including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup and KDB Development Bank sold out one after another.

IBK is also expected to sell out in the morning when sales resume at its branches on the 5th. IBK used up 19.8 billion won of the 22 billion won allotted until the 2nd, leaving about 2.2 billion won.

As the New Deal Fund was sold out at the 5 major commercial banks on the 1st, and it became known that only IBK had a limited limit, a large number of customers trying to join the fund flocked to it from the morning of the 2nd, and the volume was quickly exhausted. Nevertheless, what remains to be seen is that, unlike other banks whose minimum subscription amount is set at several million to tens of millions of won, IBK can sign up from 50,000 won.

According to Shinhan Asset Management’s data on calculating the return range, if the total return on private equity is -21.5~0% until the subscription expiration, the expected return on the general investor is 0%. If the total return of the fund reaches 15.7%, the individual investor’s return will be 20%.

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