Capital raising through DRs will continue to grow, J.P. Morgan says

China and India will continue to dominate DR issuance from Asia, but issuers from new markets like Vietnam and Mongolia are also likely to emerge, the bank says in a report.

As quarterly earnings continue to impress and company guidance reveals strong growth prospects this year, capital raising through depositary receipts DRs can be expected to grow at a steady pace, J.P. Morgan says in a report due to be released today. And, as in the past few years, Asia-Pacific is expected to be the most active region for such capital-raising with China and India dominating the new issuance.

“Over the short, mid- and long-term, we expect that China and India...

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