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.
The post <strong>JPMorgan proposes new Asia credit index with lower China weighting</strong> appeared first on Reuters News Agency.
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