Countries in spiralling debt distress are set to deliver billions in profits to funds managed by asset managers including BlackRock, JP Morgan and other household names, new analysis from Christian Aid and Debt Justice shows.
The research, which has been shared exclusively with The Independent, shows that funds managed by BlackRock stand to make an estimated $2.1 billion profit from loans to countries in or at high risk of debt distress. Funds managed by Goldman Sachs are set to make $900 million, while those managed by JP Morgan are estimated to make $700…