Stephen Chang, head of Asian fixed income at JP Morgan Asset Management (JPMAM), has left the firm, leading Morningstar to downgrade its $3.3bn Asian Total Return fund.
Chang had worked at the firm for 13 years, having joined from Royal Bank of Scotland in 2004. He managed the Asian Total Return Bond fund from its inception and was also co-manager on the $13.4m China...
Bonds go down when equities go up, is the common perceived wisdom among investors.
Reporting to Steve Hill
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