Blackrock Evergrande. Concerns that Evergrande might not pay its bonds this month triggered selling of other companies in the countrys property sector weighing down. 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.
Evergrande faces a debt payment on its offshore bonds on Thursday after it said last week it was facing unprecedented. A technology sell-off Evergrandes five-month plunge and the education technology stock wreckage are forcing investors to raise their defences against Chinas unrelenting regulatory clampdown. This was the first time a foreign-owned company has been allowed to do so and came just a few weeks after BlackRock recommended that investors greatly increase triple.
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.
Chief investment officer of global fixed income at BlackRock. 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. BlackRock added 313 million notes of Evergrandes debt between January and August 2021 pushing its stake in the company to 1 of the assets in. BlackRock added 313 million notes of Evergrandes debt between January and August 2021 pushing its stake in the company to 1 of the assets in its 17 billion Asian High Yield Bond Fund according to.