Korean Fund Manager Preps Fund Launch

  • 16 Dec 2002
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KEB Commerz Investment Trust Management, a Seoul-based asset manager with over KRW3 trillion (USD2.4 billion) under management, is gearing up to launch a fixed income fund in the coming weeks that may employ over-the-counter equity options. "We could possibly use derivatives to hedge equity exposure," said Jae Hyun Lee, head of equities in Seoul. He continued that the upcoming fund, with a target size of KRW50-100 billion, will invest 60% of assets in domestic bonds and 40% in convertibles. Lee noted that in the event of rising stock prices whereby it makes sense to convert the CBs to equity, KEB Commerz will consider hedging the equity volatility via single-stock OTC options.

The asset manager recently launched an equity fund geared towards retail clients that may use OTC options as well as listed futures (DW, 9/29). KEB Commerz's main shareholders are Germany's Commerzbank and Korea Exchange Bank.

  • 16 Dec 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%