Monday, June 17, 2013

Asian bonds a gamble for iShares





Hongkongers like bonds, yuan and exchange-traded funds. So iShares had the brilliant idea of combining all three, creating Hong Kong's first offshore yuan-denominated bond ETF.


The fund iShares RMB Bond Index ETF will start trading in Hong Kong tomorrow.


Jane Leung, head of iShares Asia Pacific, says the fund targets those holding yuan, who are looking for extra yield on their bank deposits.









via Business feed http://www.scmp.com/business/money/investment-products/article/1262317/asian-bonds-gamble-ishares

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