JPMorgan proposes new Asia credit index with lower China weighting – Reuters News Agency


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. 

Market Impact

JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal.

Article Tags

Type: Reuters Best

Sectors: Business & Finance

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story


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