A German data service released an analysis report on China Evergrande on Nov. 17, revealing that the default of China Evergrande and the Chinese real estate crisis caused estimated losses of about $10 billion for the top 10 professional pension funds and investment funds in Asia. Among them, China Evergrande’s bonds are the riskiest, with $1.2 billion in exposure.
Deutsche MarktScreening Agentur GmbH (DMSA) is an independent data service based in Berlin. The DMSA recently analyzed the top 10 Asia-focused pension and mutual funds with the greatest exposure to Evergrande bonds, estimating a combined loss of $10 billion. About $7 billion of those losses have already been incurred, and about $2 billion will be incurred in bankruptcy filings. In addition, international investors are expected to lose $158 billion on their investments in Evergrande’s credit default swaps.
