Allianz To Unveil Renminbi Income Fund

Allianz Global Investorsis seeking to float a renminbi-denominated fixed income fund,Investment Weekreports. TheAllianz RCM Renminbi Incomefund is expected to be managed by Hong-Kong basedHelen Lam, who has worked on RCM’s regional fixed income team since 1999.

The Luxembourg-domiciled Ucits III new vehicle will aim to deliver long-term capital growth and achieve a total return through a diversified portfolio of fixed interest securities. The portfolio will include Chinese government bonds, corporate bonds, quasi government bonds, super national bonds and renminbi deposits. The fund will also be able to invest in convertible bonds.

Click here for the story fromInvestment Week.