US funds continue expansion of sold CDS protection

Samuel Karasek
22 Mar 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

US funds expanded their use of sold index credit default swaps over the fourth quarter, adding $8.6 billion in positions by the end of the period.

Market giant Pimco led the charge, accounting for $4.1 billion of the growth, taking its sold protection book to $57 billion. The index CDS market traded by US mutual funds grew by $9.5 billion to a total of $145 billion in Q4, with the bond giant holding 42% ($62 billion) of it. The manager’s book leans heavily into sold protection, only holding $4

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]