JPMorgan has launched its first depositary receipt index program, with a dozen indexes designed to provide retail and institutional investors with new investable benchmarks for global equity performance. The new indexes comprise exchange-listed and traded American depositary receipts (ADRs) and global depositary receipts (GDRs). The six regional, three sector and three composite indexes are calculated in real-time by Standard & Poor’s and provide price return, as well as total return including dividend yield information. The indexes, which are the intellectual property of JPMorgan, are available through all major market data vendors and by using the JPDX prefix on Bloomberg. Standard & Poor’s provides the real-time daily calculation for these custom indexes. The indexes offer exposure to a broad range of companies in a variety of desirable sectors and markets. They are designed to be highly transparent to the investment community with rigorous screens to ensure their integrity. The indexes feature only highly liquid programs, in an attempt to ensure relevance and reliability.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.