Credit Default Swaps (CDSs)
Using insurance companies as intermediaries, CDS enables institutional investors to invest in companies that may have a lower credit rating than they would normally be comfortable with.
Important information
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Where Invesco Perpetual has expressed views and opinions, these may change.