28 February 2023, 3:57 pm. 1 minute
Sources exclusively tell Reuters that JPMorgan (JPM.N) is proposing a new Asia credit index with slashed China weighting – in parallel to its existing $85 billion Asia credit index – amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30%, compared to a level of about 43% in its existing JPMorgan Asia credit index (.JPMACI) (JACI) where China is the largest component.
JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal.
Type: Reuters Best
Sectors: Business & Finance
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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