Morgan Stanley dethrones HSBC from FX forwards top spot in Q3

Morgan Stanley regained its position as the top foreign exchange forwards dealer for US mutual funds in the third quarter of the year, dethroning HSBC on the back of a surge in trades from Pimco. Overall, US mutual funds shrunk their positions, with the sector declining by around $37.2 billion. Despite that, Morgan Stanley had $106 billion of reported volumes in Q3, up $20.7 billion on the previous quarter.

Access the data

Growth and stability

After enduring a turbulent period in 2018 and 2019, when Invesco suffered damaging fund outflows and its share price underperformed rivals, the outlook for the asset manager has stabilised. Assets under management at Invesco have returned to growth and stood at $1.4 trillion in March, a 20% increase in the last 12 months.

Explore interactive charts

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: