​Funds Active On Divs Across The Curve

Hedge funds and asset managers have been selling the Eurostoxx 50 Dec-15 Dividend Future (DEDZ5) and buying the Eurostoxx 50 Dec-16 Dividend Future (DEDZ6) to position for expected upside in the 2016 maturity while hedging for short-term corporate news risk. Others, meanwhile, have been selling the Eurostoxx 50 Dec-16 Dividend Future (DEDZ6) and buying the Eurostoxx 50 Dec-18 Dividend Future (DEDZ8) to position for a rebound in the dividend term structure.