Lesson 8 of 21 · Market Participants
Investors
Institutional money managers include mutual funds, pension funds, hedge funds, and ETFs
What this shows: An investor sends a request for quote (RFQ) to several dealers; the dealers respond with prices. The issuer sits upstream.
Highlighted: Investor. The investor requests quotes from three dealers, who each respond with a price.
INVESTOR
Investor in the Fixed Income Market
Investors are institutions or individuals who provide capital for corporations or government entities, with the expectation of generating return on their capital. Investors include governments, corporations, financial institutions, and any other individuals or groups, such as ETFs, hedge funds, pensions, mutual funds, family offices, and institutional investment managers.
Types of Fixed Income Investors
Types of investors in the debt capital markets include:
