Adani Turmoil Prompts Nomura, SMFG to Disclose Fund Exposures
- Asset management arms of Japan’s financial firms give details
- Adani group hit by wrongdoing accusations by US short-seller
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The turmoil in Gautam Adani’s empire is spilling over to Japan, where major asset managers are stepping up disclosure over mutual funds with exposure to the group in response to jittery investors.
Nomura Holdings Inc.’s asset management arm released details on Tuesday about 30 of its publicly offered investment trusts that hold either stocks or bonds of Adani companies. The move followed similar steps last week by units of Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc.