Hong Kong-based Investec Asset Management,
with USD500 million in assets under management, is in talks with
Hong Kong's Securities and Futures Commission about creating
mutual funds that will use over-the-counter equity derivatives.
Stewart Aldcroft, managing director in Hong Kong, said it
aims to roll out the funds later this year to meet strong interest
from investors. Investec Asset Management, which primarily invests
in Hong Kong and Chinese equities, will look to use options to
leverage exposure, he noted.
Aldcroft declined to elaborate on specific
strategies it might employ. Investec Asset Management is a
subsidiary of South Africa's Investec.