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The Basis

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Total Return Swaps

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Equity overlays continue to play a vital role in helping institutional investors manage market exposure and liquidity.

 

The choice of derivate instrument is crucial in overlay management, and among these, Total Return Swaps (TRS) are gaining traction – particularly among Australian investors – for their flexibility and capital efficiency.

In our latest paper, we explore the strategic use cases and key considerations of TRS and how institutional investors can use these instruments for portfolio construction.