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13-01-2017, 06:15 PM
(This post was last modified: 17-03-2017, 08:04 PM by cyclone.
Edit Reason: Added writer and date
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Mobius Is Unfazed by JPMorgan's Spat With Indonesia
by Harry Suhartono and Yudith Ho
January 13, 2017, 1:00 AM GMT+8 Updated on January 13, 2017, 10:43 AM GMT+8
Indonesia’s economic outlook is helping its markets offset investor fallout from a state campaign to stop banks publishing pessimistic research reports.
Slowing inflation and a recovery in trade are among the reasons why Indonesian stocks are a preferred investment for Aberdeen Asset Management Plc, which oversees $420 billion. Mark Mobius, executive chairman of Templeton Emerging Markets Group, is buying Jakarta-listed firms that sell to Indonesia’s swelling middle class, as well as mining and plantation companies benefiting from a rally in commodities.
For Mobius, this month’s research crackdown is just another reminder to do his own sums. Indonesia’s finance ministry ended commercial ties with JPMorgan Chase & Co. starting Jan. 1 after the firm downgraded the country’s equity market to underweight from overweight, and is introducing new rules that penalize primary government bond dealers if they don’t uphold the nation’s interest.
More details in https://www.bloomberg.com/news/articles/...-brightens
by Harry Suhartono and Yudith Ho
January 13, 2017, 1:00 AM GMT+8 Updated on January 13, 2017, 10:43 AM GMT+8
Indonesia’s economic outlook is helping its markets offset investor fallout from a state campaign to stop banks publishing pessimistic research reports.
Slowing inflation and a recovery in trade are among the reasons why Indonesian stocks are a preferred investment for Aberdeen Asset Management Plc, which oversees $420 billion. Mark Mobius, executive chairman of Templeton Emerging Markets Group, is buying Jakarta-listed firms that sell to Indonesia’s swelling middle class, as well as mining and plantation companies benefiting from a rally in commodities.
For Mobius, this month’s research crackdown is just another reminder to do his own sums. Indonesia’s finance ministry ended commercial ties with JPMorgan Chase & Co. starting Jan. 1 after the firm downgraded the country’s equity market to underweight from overweight, and is introducing new rules that penalize primary government bond dealers if they don’t uphold the nation’s interest.
More details in https://www.bloomberg.com/news/articles/...-brightens
Specuvestor: Asset - Business - Structure.