Traders are homing in on a single exchange-traded fund in their bid to qualify for potential compensation from the wiped-out Additional Tier 1 debt of Credit Suisse Group AG.
Invesco’s AT1 Capital Bond ETF recorded its biggest daily inflow in more than three years on Thursday, pushing its assets close to $1.3 billion, the highest level since mid-2023. The fund has jumped 1.2% this week, about double the gains of its benchmark AT1 index, data compiled by Bloomberg show.
Underpinning the rush is a Swiss court ruling that handed partial victory to AT1 bondholders left with nothing after ...
