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China Evergrande Fallout Hits Western Bond Funds


The potential default of real-estate developer China Evergrande Group is taking a toll on funds in Europe and the U.S. that chased high yields in the Chinese corporate bond market. 

Concerns that Evergrande might not pay its bonds this month triggered selling of other companies in the country’s property sector, weighing down funds managed by Ashmore Group , BlackRock Inc . and Pacific Investment Management Co., among others.



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