JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds.
The move comes after JPMorgan initially proposed expanding the existing JACI, but with China weighting cut to 29.86% from 43.14% now, according to a proposal shared with investors in January and reviewed by Reuters, and the second source and two other people.
JPMorgan describes the new index, named JACI Asia Pacific, as an "enhanced" version of JACI with added exposure to more Asia-Pacific markets such as Japan, Australia, New Zealand and Papua New Guinea, the source said. JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal.
, having taken a hit from regulatory crackdowns and a property sector liquidity crisis, to avoid geopolitical risks.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China's EU ambassador says EU leaders may visit China by mid-2023Chinese ambassador to the European Union Fu Cong said European Commission President Ursula von der Leyen and European Council President Charles Michel may visit China in the first half of 2023, China's state-backed Global Times reported.
Weiterlesen »
JPMorgan to Open Blockchain Innovation Lab in Greece – Blockchain Bitcoin NewsJPMorgan has announced it will open a new blockchain innovation lab in Greece focused on the development of applications on top of Onyx.
Weiterlesen »
JPMorgan cuts mortgage jobs in Columbus, CEO Jamie Dimon says bank is 'mostly expanding'JPMorgan Chase CEO Jamie Dimon discussed his company's employment locally, as well as the Columbus economy and what lies ahead.
Weiterlesen »
HOA Homefront — The misunderstood 'exclusive use common area'The typical condominium project consists of three categories of property — the “separate interest” (normally called the “unit”), the “common area”, and a subset of common area called “exclusive use common area.”
Weiterlesen »
Exclusive: Argentina in talks with IMF to ease reserves targets amid droughtArgentina's government is in final talks with International Monetary Fund officials to ease foreign exchange reserves targets for 2023 under the country's $44 billion program, two sources close to the matter told Reuters.
Weiterlesen »
'South Park' Exclusive Rights Sparks Lawsuit Between Streaming ServicesThe exclusive streaming rights for 'South Park' are at the center of a massive lawsuit between two services
Weiterlesen »