Index inclusion has sparked investor interest in China’s onshore bonds, but performance has not been impressive.

Index inclusion has sparked investor interest in China’s onshore bonds, but performance has not been impressive.
Offshore renminbi-denominated bond funds have staged a recovery so far this year, benefiting from a weaker US dollar.
Fixed income specialist Income Partners hopes to make a big splash in China’s onshore market, says Emil Nguy, chairman, chief executive officer and chief investment officer at the Hong Kong-based firm.
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
UBP’s AUM increases to $130bn; BNY Mellon IM creates head of intermediary distribution for Greater China role; Hermes IM hires for APAC business development team; BEA Union Investment launches China-focused multi-asset fund; Natixis’ Seeyond aims to double its AUM; China Post Global lists ETF in London for the first time; and more…
The China unit of Silicon Valley venture capital firm Sequoia Capital has bought a stake in Income Partners, underscoring how asset managers are making technology adoption a top priority.
In a video interview, Raymond Gui, lead portfolio manager at Income Partners, explains that quality of economic growth is more important to China than speed of growth.
After the unveiling of the broad themes for China’s 13th Five- Year Plan on 3 November, President Xi Jinping provided some data to complement the qualitative report, Axa Investment Managers said.
The RMB fixed income market will benefit if the IMF puts China’s currency in the Special Drawing Rights basket of reserve currencies, according to Raymond Gui, portfolio manager at Income Partners.
Part of the Mark Allen Group.