Fund giants turbocharge Wells Fargo’s FX forwards book
US bank jumps from 12th to second in Q2 2026 dealer rankings as Pimco and Vanguard ramp up trading
Wells Fargo doubled its foreign exchange forwards positions with US mutual funds and exchange-traded funds in the second quarter, driven by a surge in activity from Pimco and Vanguard.
The US bank reported $124.6 billion in positions, climbing from 12th place to second in the dealer rankings, according to Risk.net’s Counterparty Radar service, which tracks the trade-level positions of US mutual
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