Vanguard is new kid on the CDS options block
Counterparty Radar: Passive behemoth held a quarter of reported notional among US retail funds in Q4 2024
Over the past year, Vanguard has jumped from the sidelines to become the second-largest US mutual and exchange-traded fund manager holding options on credit default swap indexes.
The change comes as the Pennsylvania-based firm’s two dominant credit options holding funds have shifted away from outright swaps on the North American investment-grade index (CDX NA IG), and while other managers have
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