Hong Kong investors can now invest in short term RMB-denominated products via the fund.
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Hong Kong investors can now invest in short term RMB-denominated products via the fund.
Investors seeking opportunities to capitalise on China’s robust growth path should look at domestic fixed income as the bond market continues to open wider, says Schroders.
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.
This week FSA compares two fixed income sectors — Hong Kong dollar and renminbi funds available for sale in Hong Kong.
The use of China’s renminbi continues to expand in international transactions as Vanguard allows investors to trade five ETFs in Hong Kong in the currency.
Oil contracts and Ucits funds have begun offering renminbi-based products after China scrapped some foreign exchange controls to catch up with international currency standards.
The inclusion of China’s onshore bonds on the Bloomberg Barclays Global Aggregate Index is seen as a positive development, but don’t expect a surge of capital in the short-term, managers said.
China will see a stronger renminbi and a looser money supply in 2018, as the authorities’ agenda aimed at curbing domestic leverage evolves, argues Gregory Suen, investment director for Asian fixed income at HSBC Global Asset Management.
It’s E Fund vs Ping An in a quick comparison of two Renminbi fixed income funds.
Part of the Mark Allen Group.