The asset manager BlackRock on 18 October announced a key change to the way it manages counterparty exposure on its flagship iShares FTSE/Xinhua A50 China Index ETF. Specifically, the company is reducing its target maximum exposure to counterparties from 15% to 10%. Counterparties in the case of the A50 are providers of China A-share Access Products, or CAAPs. Offshore investors…
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