Arrival of offshore renminbi share widens Asia possibilities
Fri Jun 3, 2011
Asia seems to be back in
vogue as the beta du jour. HSBC Alternative Investments has
extended its $2.6 billion flagship HSBC GH fund of funds to
clients holding renminbi deposits. Meanwhile Signet Capital
Management has teamed up with HSBC to create an Asia Weighted
Index that includes the Chinese renminbi but not the Japanese
yen that it can use to hedge its fund of funds portfolio.
HSBC has attained a leadership position in the Chinese
currency market, most recently launching the HSBC Offshore
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active InvestHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.