Blackrock Evergrande. On August 30 the firm launched a set of mutual funds and other investment products aimed at Chinese consumers. For example BlackRocks most exposed fund to China Evergrande Group stocks the BGF Asian High Yield Bond maintains 1 double the 05 weighting in the most used Asian credit index in the sector JPMorgan and 313 million shares more than at the end of 2020.
HONG KONG -- Even as China Evergrande Groups bonds have fallen toward 25 cents on the dollar amid worries the developer will default fund managers. In an analysis Morningstar published on Sept. 24 Morningstar also said UBS Group AG and.
HONG KONG -- Even as China Evergrande Groups bonds have fallen toward 25 cents on the dollar amid worries the developer will default fund managers.
Blackrock the largest investment management company in the world invested 313 million dollars 267 million euros in Evergrande between January and August of this year but its impact is reduced due to the scarce presence in this managers assets. Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc Morningstar data shows. BlackRock Inc and Royal Bank of Canadas BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group while TCW and HSBC funds have closed positions. Blackrock HSBC and UBS have been accumulating Evergrande bonds over the past few months.