Bloomberg Business

JPMorgan Considers Adding Saudi Riyal Bonds to Key EM Index

JPMorgan Chase & Co. is considering adding Saudi Arabia’s local-currency bonds to its benchmark emerging-market index, according to people familiar with the matter, a move that would help the kingdom attract more foreign portfolio investment and fund huge projects to diversify from oil.

Hong Kong Wealth Firms’ Gloom Spreads With Drop in Assets

Hong Kong’s private wealth managers are growing more pessimistic after a sharp drop in assets under management as more clients seek to park their money elsewhere, a survey by the Private Wealth Management Association found.

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