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Korean Investment House Readies Fund

18 Aug 2003

KEB Commerz Investment Trust Management, with KRW2.7 trillion (USD2.3 billion) in assets, is gearing up a cross-asset class fund that will employ equity derivatives in the coming months. Jae Hyun Lee, head of equities, said it will trade such instruments as over-the-counter options, equity-linked notes and convertibles.

The fund, aimed at domestic institutional investors, has a target launch size of KRW10 billion. He continued that the fund will be research-driven and primarily trade Korean blue chips.

18 Aug 2003