JPMAM Asia-Pac fund extracts value from oil rout
The fund is now rotating into Asian banks, which form about a third of its portfolio excluding properties
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
JP MORGAN Asset Management's (JPMAM) income team in Asia-Pacific ex-Japan has found value playing off the wild ride in oil prices.
It has doubled the money that went into investing in oil-related plays at the beginning of last year, and is now rotating into Asian banks as much of the bad-debt provisioning for the lenders' oil exposure may be over.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Costly renewals: Transforming an old landed house into your dream home is getting harder
