JPMorgan Chase news covering earnings, investment banking, consumer banking, economic outlook from Jamie Dimon, and major financial deals.
JPMorgan is launching the GBI-EM Edge, a new local currency government bond index covering 26 frontier markets by month-end. The benchmark targets nearly $330 billion in debt, with significant weightings in African and Asian economies like Egypt, Vietnam, and Nigeria, aiming to expand local currency market access.
J.P. Morgan Asset Management closed its inaugural US net lease fund with $1.1 billion, doubling its initial target. The vehicle targets single-tenant industrial assets secured by long-term triple-net leases. Over half the investors are new to the firm's Real Estate Americas platform, including a $200 million commitment from Los Angeles County Employees Retirement Association.