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Derivatives

...Considers Australian Credit Debut

INVESCO Australia, an asset manager with AUD12.5 billion (USD6.81 billion) under management, is contemplating using credit derivatives for the first time. "It's something we're considering," said Lachlan Collander, investment manager of the interest rates group in Melbourne. Collander continued that the asset manager could be trading credit derivatives within six months. Currently, INVESCO has been following the development of the credit derivatives market in Australia and tracks where default-swaps trade in relation to bonds. He declined to comment further.

As liquidity continues to grow, a number of funds in Australia have been eyeing credit derivatives in recent months, including UBS Global Asset Management (Australia) (DW, 8/18) and Barclays Global Investors Australia (DW, 7/28).

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