Income Partners Asset Management (HK) has launched its first China onshore RMB bond fund under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
Income Partners is the first independent, Hong-Kong based asset manager to launch an onshore RMB bond fund. The Fund is Hong Kong SFC authorized, and is available to both institutional and retail investors in four different currencies – USD, EUR, RMB and HKD.
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Emil Nguy, Founding Partner and CIO of Income Partners said: We are very excited about our new fund as this RQFII product is unique. It provides investors with access to China’s onshore capital markets at a time of historical low interest rates in developed markets.
China’s onshore bond markets are particularly attractive – first for it’s sheer market size of USD5.4tn and wide choice of over 8000 bonds; and second, for the attractive yield that it offers, both in terms of yield pick up over the global fixed income markets, and also the onshore bond market’s yield pick up over offshore CNH market in general.
In the current economic environment, what adds to the attractiveness is also its very low correlation with the global fixed income markets.
The new RQFII fund complements Income Partners’ existing line up of offshore RMB investment grade and high yield strategies, enabling them to offer their clients a complete suite of RMB bond strategies and participate in China’s growth story.
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By GlobalDataFrancis Tjia, CEO and Founding Partner: "The onshore RMB bond market presents big opportunities, and we are very well-positioned to seize the opportunities as well as manage the risks.
Our proven track record of over 20 years in Asian bond investment, together with our commitment to downside protection will be key to managing a successful RQFII RMB bond fund."
