The recent drop in crude prices has led to an explosive growth in the sales volume of derivative-linked securities (DLS) tracking the West Texas Intermediate (WTI) crude oil price this month in South Korea.
The sales volume of DLS structures tracking the WTI price stood at KRW293.9 billion (US$254m) this month (as of June 24), marking the highest-ever monthly sales figure, according to Korea Securities Depository data. The products include those that have other equity indices or different prices of crude oil along with WTI in the underlying. The majority of the sales volume worth KRW243.7 billion came from publicly distributed products sold to retail investors. The products are mostly hybrid struc
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