Fund launches & closures

MW GaveKal launching China fixed income fund

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Hong Kong-based asset manager MW GaveKal is launching on March 1 a new strategy seeking heavy exposure on Renminbi-denominated fixed income instruments.

Investors can access its MW GaveKal China Fixed Income strategy, which has a capacity of $250 million, via a long-only UCITS fund, investing in debt instruments denominated in the RMB, as well as in Hong Kong and Singapore dollars.

The move comes as the pace of financial deregulation in China accelerates, and the internationalisation of the RMB combined with the growth of the Chinese offshore bond market proves to be a major event for global financial markets.

The team