The Templeton Global Bond Fund tapped Citi for the largest share of its currency forwards as of March 31.
As disclosed in the fund’s biannual Form N-Q, Citi had outstanding forward contracts with the fund in the amount of $9 billion at the end of the first quarter, representing 23% of its total portfolio.
JP Morgan was the next largest counterparty, with $6.4 billion in outstandings, representing 16% of the portfolio. HSBC, Bank of America, and Goldman Sachs completed the top five with share
The week on Risk.net, September 8-14, 2018Receive this by email