Currency Overlay Appetite Expected To Grow

This year will see an increase in demand for global currency overlay, particularly due to the depreciation of the U.S. dollar, according to bankers.

  • 07 Jan 2005
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This year will see an increase in demand for global currency overlay, particularly due to the depreciation of the U.S. dollar, according to bankers.

Paresh Upadhyaya, currency portfolio manager at Putnam Investments in Boston, said Asia is a more compelling region than the U.S. now because the currency outlook is more attractive. This is because local currencies are undervalued and several countries, such as China, Japan and Hong Kong, are experiencing strong domestic growth, in part due to a rise in commodities prices, he explained. Compared to the U.S., Europe also looks attractive because it has a smaller gross-domestic product deficit, Upadhyaya said.

  • 07 Jan 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 345,651.05 1349 8.09%
2 JPMorgan 341,748.87 1469 8.00%
3 Bank of America Merrill Lynch 306,869.45 1064 7.18%
4 Barclays 258,170.48 974 6.04%
5 Goldman Sachs 227,691.73 773 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 48,305.28 204 6.53%
2 JPMorgan 46,311.15 105 6.26%
3 UniCredit 40,488.91 181 5.48%
4 SG Corporate & Investment Banking 38,348.83 146 5.19%
5 Credit Agricole CIB 37,171.96 185 5.03%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%