Citi largest counterparty for Templeton currency hedges

Louie Woodall
30 May 2018

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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 shares

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