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Report: JPMorgan launching high-risk corporate debt investment fund in Brazil

JPMorgan Chase& Co. is preparing to launch an investment fund in Brazil thatwill be focused on high-risk corporate debt securities, known as high yield,with protection against exchange rate fluctuations, Valor Econômico reported.

The new investment fund is a viable option as that wereimplemented by Brazilian securities commission CVM in October 2015 allowfinancial institutions to offer investment portfolios focused on foreignassets, the report said.