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 FX Markets’ Counterparty Radar service, which tracks the trade-level positions of US mutual funds and ETFs in derivatives instruments based on industry filings.
Including its trades with US life
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