UBS and Ashmore fuds also retain holdings in Chinese porperty developer's debt
An exterior view of China Evergrande Centre in Hong Kong. Picture: REUTERS/BOBBY YIP
BlueBay told Reuters its holding was"very limited" and that it has been reducing it since August-end. None of the other asset managers provided comment. Fellow Swiss bank UBS has Evergrande debt exposure totalling about $283 million across multiple portfolios, Morningstar said. Ashmore's runs to $146 million. Both declined to comment. Morningstar had earlier noted BlackRock's exposure had recently increased. In its Friday analysis, it said BlueBay had"gradually started adding".
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