Hamon Investment Group, with over USD282 million under management, is looking at increasing its exposure to Indian stocks via equity swaps in the coming months. Vincent Cheng, cio in Hong Kong, said the asset manager recently started using over-the-counter equity options and equity swaps to gain access to the growing domestic stock market in India. OTC products referenced to Indian underlyings account for less than 5% of the portfolio, but Cheng said the firm is considering upping its exposure, given that it foresees continued growth in the market. Cheng declined further comment.
In addition, the asset manager is considering wrapping its funds to offer capital guaranteed products, according to Ana Fan, client services manager at Hamon in Hong Kong. Fan declined further comment.
Goldman Sachs and Morgan Stanley are Hamon's primary counterparties.
