KEB Commerz Investment Trust Management, a Seoul-based asset manager with USD2.1 billion under management, is examining using over-the-counter equity options for an upcoming fund. Jae Hyun Lee, head of equities in Seoul, said that once the fund is up-and-running it will look at the possibility of using OTC puts and calls in addition to exchange-traded options and futures. He expects the fund to launch in the coming weeks, but declined further comment.
The target size of the fund is KRW10-50 billion (USD8.2-40 million) and it will invest in both domestic equities and fixed income products. KEB Commerz is jointly owned by Commerzbank, Korea Exchange Bank and Kyobo Life.
