A weaker dollar and a low chance of an RMB devaluation support Asian currency stability, which has a strong equity market impact, said Falcon Private Bank’s CIO David Pinkerton.
Are currency funds set for a comeback?
Commodity trading advisor (CTA) strategies should benefit if market volatility remains high for a sustained period, and currency-focused funds are a particularly good bet, argues Harmen Overdijk, managing partner at Hong Kong-based Caidao Wealth.
Caution lingers following PBoC’s FX reserves disclosure
China-related mayhem appears to be the dish of the day, with a fresh serving of troubling data weighing on the minds of investors.
Yuan SDR inclusion delayed to 2016
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
China creating big trouble for emerging markets
The issue of the value of China’s currency versus other major currencies, particularly the US dollar, has been rumbling on for many years now.
RMB’s SDR inclusion still likely this year
Axa IM believes China’s RMB currency stands a good chance of being included in the Special Drawing Rights this year despite an IMF report interpreted by many as a delay until next year.
BlackRock prefers India, China bonds
Asian bond markets are less vulnerable to the US interest rate rise and India and China are the two preferred countries for bond investments, said Joel Kim, head of Asia-Pacific fixed income at BlackRock.
Hong Kong as Asia’s laundromat
Majcher, a former Eurobond trader in London who became a top covert operator for Canada’s RCMP, is particularly critical about the sale of licenses for backdoor listings.
Most Korea funds struggled in 2014
Only two Korea-focused funds over the past 12 months have reported positive returns, according to data from FE.