August 31, 2023 (NO COMMENTS)

Counterparty Radar: BlackRock, Franklin Templeton and T Rowe Price among the managers who added to single-stock positions

US retail funds increased their exposure to sold equity calls in the first quarter, taking a bearish view as stock markets began rallying. The combined value of single-stock calls at mutual funds and exchange-traded funds swelled to approximately $30 billion in notional at the end of the first quarter, up from $23.5 billion in Q4 2022. Most of the new positions were sold calls, according to data from US Securities and Exchange Commission filings compiled by Risk.net’s Counterparty Radar