Copying and distributing are prohibited without permission of the publisher.

Watermark

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