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Allianz Closes Renminbi Bond Fund

Allianz Global Investors is shutting its renminbi bond fund to new investments to preserve liquidity.

    Allianz Global Investorsis shutting its renminbi bond fund to new investments to preserve liquidity,Citywirereports. TheAllianz RCM Renminbi Fixed Incomefund, launched in June, has already secured €450 million in assets under management.

    该基金还持有人民币存款的一部分. Allianz is considering launching a renminbi deposit fund to provide pure currency exposure. The new vehicle will invest in currency deposits, rather than fixed income.

    Click here for the story fromCitywire.

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