Evergrande unlikely to pose significant risk outside of China, SEI says

The fallout from Chinese real estate group Evergrande's woes may be more limited than some fear, a top wealth manager said.

According to SEI's chief investment officer, Jim Smigiel, Chinese real estate giant Evergrande does not appear to pose a big risk outside its main market.

Smiegel highlighted to the Wall Street Journal's Emese Bartha how the group's global interconnectedness wasn't interconnected on a scale anywhere near to Lehman Brothers.

Furthermore, in his opinion the most likely end result to the Evergrande saga was the orderly restructuring of its debts and unfinished projects.

He also pointed out that SEI's emerging market debt and equity strategies were both underweight China and almost all of its Chinese bond holdings were investment grade.