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JP Morgan launches European credit index-linked security

JP Morgan Chase today launched a security that gives investors exposure to a broad range of European credits.

The JECI 100 (JP Morgan European Credit Index-linked security 100) is a five-year tradable instrument made up of 75 corporate and 25 financial issuers. JECI is aimed at portfolio managers, banks and hedge funds.

Greg Batey, head of European credit and index strategy at JP Morgan Chase, said the bank developed JECI in response to demand from European customers for a flexible credit risk management

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