Portfolio swap (DW)

펀드가 주식 exposure가 없이 IB로부터 CfD와 같은 portfoilio swap을 Long하면
세금 절감효과와 함께
IB의 주식현물을 기반으로 한 swap이기 때문에 거래상대방위험도 swap 손실에 한정된다.

그렇다면 IB가 book을 운용해야 한다는 의미인데,
국내에서는 여지가 있을까?

(DW 기사 중 일부)

Tactical Global Management in London will use portfolio swaps similar to contracts for difference with Credit Suisse as its counterparty to get synthetic equity exposure at its TGM Tactical Global Equity Fund, scheduled to launch April 1.

(...) The firm has used portfolio swaps previously in other funds but more on a regional basis to get exposure to Brazilian, Korean and Russian markets.