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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
Indonesiaâs 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 Indonesiaâs swelling middle class, as well as mining and plantation companies benefiting from a rally in commodities.
For Mobius, this monthâs research crackdown is just another reminder to do his own sums. Indonesiaâs finance ministry ended commercial ties with JPMorgan Chase & Co. starting Jan. 1 after the firm downgraded the countryâs equity market to underweight from overweight, and is introducing new rules that penalize primary government bond dealers if they donât uphold the nationâs 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
Indonesiaâs 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 Indonesiaâs swelling middle class, as well as mining and plantation companies benefiting from a rally in commodities.
For Mobius, this monthâs research crackdown is just another reminder to do his own sums. Indonesiaâs finance ministry ended commercial ties with JPMorgan Chase & Co. starting Jan. 1 after the firm downgraded the countryâs equity market to underweight from overweight, and is introducing new rules that penalize primary government bond dealers if they donât uphold the nationâs interest.
More details in https://www.bloomberg.com/news/articles/...-brightens
Specuvestor: Asset - Business - Structure.
