China Top Trumps – RMB fixed income
By Fund Selector Asia, 16 May 19
This week FSA presents a quick comparison of two RMB fixed income products: the Da Cheng RMB Fixed Income Fund and the Invesco RMB High Income Bond Fund.
All relevant fund data converted to US dollars for comparative purposes.
Performance, alpha and volatility are annualised over three years with data as reported at the end of last month.
Information ratio aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.