Page 5 - Jp Morgan

JP Morgan India bond index inclusion impact: Weight cut likely for 3 EMs

To accommodate India's 10 per cent weight in the GBI EM index, HSBC said in a recent note, a reweighting will occur for other EM peers in the index, which will see a reduction in their weights.

Major inflows via JP Morgan bond index inclusion yet to materialise: HSBC

Indian government securities have seen inflows of $10.4 billion since the index inclusion announcement in September 2023

Warburg, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 cr

Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday divested a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg Pincus, sold the shares of CarTrade Tech while Singapore's sovereign wealth fund Temasek Holdings' affiliate MacRitchie Investments offloaded shares of the company on the BSE. CMDB II, a private equity fund run by JP Morgan Investment Management also sold the shares of CarTrade Tech through a bulk deal on the National Stock Exchange (NSE). A total of 64.57 lakh shares or 13.77 per cent stake were pared by Warburg Pincus, Temasek and JP Morgan. According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech. MacRitchie Investments sold 20.32 lakh shares or 4.33 per cent stake in Mumbai-based CarTrade Tech. The shares were sold in the price range of Rs 828-828.58 apiece by the tw

Statsguru: India's index inclusion may bring capital into the country

Since May 2024, foreign investors have been net buyers in the debt market, even as they have been net sellers in the equity market over the last two months

India set for $2 bn bond inflows around JP Morgan index inclusion day

The $2 billion, single-day inflow estimate by four bankers trails only the record-high $2.7 billion poured into Indian bonds on Aug. 20, 2014

Ahead of JP Morgan's inclusion, HSBC sees $250 mn of India swap deals

The British bank, via its unit in the International Financial Services Centres Authority, carried out the so-called total return swap deals worth more than $250 million

Ashmore plans to buy more Indian bonds as JPMorgan inclusion nears

Indian sovereign bonds have seen about $9.5 billion of inflows into the so-called Fully Accessible Route - or FAR securities - since the JPMorgan announcement in September

India bond ETF assets grow by a third after index inclusion announcement

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

FPI inflow may hit $2 billion a week if BJP wins elections 2024: Nomura

On the other hand, if BJP fails to win the elections, Nomura expects outflows from the forex channel to be over $30 billion in a couple of weeks.

JPMorgan to increase India headcount by 5%-7% over next few years: Top exec

The New York-based lender already employs about 55,000 people, about a fifth of its global workforce, across five Indian cities

FPIs turn net debt buyers in May ahead of JP Morgan index inclusion

The yield on the benchmark 10-year government bond fell by 20 basis points in May so far

Gold price dips Rs 10 to Rs 72,260, silver falls Rs 100 to Rs 82,400

The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 66,240

Indian markets stand out for cheap bonds as JPMorgan index date nears

The stretched valuation has seen global asset managers trim their allocations to Indian stocks, pulling $1.1 billion so far in April

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

JPMorgan Q1 results: Profit rises on interest income strength to $13.42 bn

The biggest US lender's profit was $13.42 billion, or $4.44 per share, for the three months ended March 31. That compares with $12.62 billion, or $4.10 per share, a year earlier

JPMorgan's Dimon warns inflation, wars creating risks not seen since WWII

The nation's most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the US economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as US political polarisation, might be creating an environment that may very well be creating risks that could eclipse anything since World War II. The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy. America's global leadership role is being challenged outside by other nations and inside by our polarized electorate, Dimon said. We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free

Time to start buying small-cap, mid-cap stocks for the long-term: Analysts

From a near-term perspective, analysts at J.P Morgan expect the small-cap and mid-cap stocks to remain volatile in the coming weeks, with margin funding and investor flows adding to risks

JPMorgan sets up dedicated sports investment banking team, appoints heads

The bank has created a new "sports investment banking coverage group" which will offer advisory and financing solutions for activities like investing in sports franchises to clients globally

Tata Sons to sell 23.4 mn TCS shares worth Rs 9,362 crore in block deal

Over the past year, TCS shares have gained nearly 33 per cent, slightly outperforming the Nifty50 index, which has risen 30 per cent