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JP Morgan launches warrants to give Thai investors access to US’ S&P 500 index

Sep 28. 2020
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By The Nation

In a first for the Thailand warrants market, global leader in financial services JP Morgan issued derivative warrants linked to the Standard and Poor’s 500 Index (S&P 500), one of the major benchmarks of the US stock market.

The new warrants, which began trading today on the Stock Exchange of Thailand (SET), offer investors broader investment opportunities to gain exposure to the US market during local trading hours.

“Volatility has risen significantly since the beginning of the year and investors are always looking for opportunities to diversify their portfolios. The debut of the S&P 500 warrants, which is linked to the movements of E-mini S&P 500 Futures, provide local investors another alternative to gain exposure to the world’s largest stock market,” said Chayotid Kridakon, senior country officer for JP Morgan Thailand.

JP Morgan’s S&P 500 warrants mark the first investment instrument that offers exposure to US markets available to local retail investors during full trading hours of the Thailand market, and the second foreign derivative warrants offering by the company following the launch of its Hang Seng warrants in March this year.

JP Morgan launched its derivatives warrants business in Thailand in 2018, and has since listed more than 1,000 warrants on the SET.

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