BlueBay a buyer of China Evergrande debt; Ashmore, UBS exposed

BlueBay a buyer of China Evergrande debt; Ashmore, UBS exposed

FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu/File Photo

Royal Bank of Canada’s BlueBay Asset Management has joined BlackRock in accumulating credit exposure to ailing developer China Evergrande in recent months, according to Morningstar, while HSBC and TCW funds have closed positions.

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