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The stellar performance of some newly listed firms, low interest rates, and a sluggish run on the local stock market are enticing investors back to funds that invest in rookie stocks, data showed Wednesday.
Investors have poured a total of 983 billion won ($939 million) into the 71 funds so far this year that invest in newly listed firms, according to the data compiled by fund evaluator KG Zeroin.
Such funds attracted 276 billion won through this month as of Monday following an inflow of 236 billion won last month.
Investors’ growing interest came as most of the newly listed firms have delivered good yields far exceeding the market’s average returns. Some of the firms have doubled since their initial public offerings.
Usually, institutional investors are given more stock allocations in the IPO process than retail investors.
Analysts said strong cash inflows into such funds are also accelerating as big-name companies queue to become publicly traded entities.
Samsung SDS Co., one of Samsung Group‘s key IT units, is set to make a debut on the local stock market this year in what will be the largest IPO deal of the year worth 1.16 trillion won. (Yonhap)
Investors have poured a total of 983 billion won ($939 million) into the 71 funds so far this year that invest in newly listed firms, according to the data compiled by fund evaluator KG Zeroin.
Such funds attracted 276 billion won through this month as of Monday following an inflow of 236 billion won last month.
Investors’ growing interest came as most of the newly listed firms have delivered good yields far exceeding the market’s average returns. Some of the firms have doubled since their initial public offerings.
Usually, institutional investors are given more stock allocations in the IPO process than retail investors.
Analysts said strong cash inflows into such funds are also accelerating as big-name companies queue to become publicly traded entities.
Samsung SDS Co., one of Samsung Group‘s key IT units, is set to make a debut on the local stock market this year in what will be the largest IPO deal of the year worth 1.16 trillion won. (Yonhap)
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Articles by Korea Herald
