Pimco doubles down on FX forwards trades in Q1
![](https://www.financeli.com/wp-content/uploads/2024/06/pimco-doubles-down-on-fx-forwards-trades-in-q1.webp)
Pimco
nearly
doubled
the
size
of
its
foreign
exchange
forwards
portfolio
in
the
first
quarter
of
2024,
where
it
now
commands
almost
a
fifth
of
the
market.
This
increased
activity
–
from
$114
billion
in
the
fourth
quarter
of
2023
to
$211
billion
–
helped
drive
much
of
the
growth
in
mutual
funds’
forwards
books,
accounting
for
nearly
60%
of
all
notionals
added
by
asset
managers.
The
California-based
fund
manager’s
actions
had
a
notable
effect
on
a
multitude
of
dealers,
as
Pimco
yielded
four
of
the
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