Guinness Atkinson Asset Management has launched the Renminbi Yuan & Bond Fund, which it says is the first traditional open-end mutual fund to invest directly in bonds denominated in the Chinese currency, Renminbi.
“We are pleased to bring our longtime China investing experience to this exciting new asset class, providing investors with an additional way to participate in the world’s second-largest economy during this new stage of its development,” said Jim Atkinson, CEO of Guinness Atkinson Asset Management. “As China begins to promote an internationally tradable currency, this fund should appeal to emerging market bond fund investors looking to diversify their currency exposure while seeking a way to participate in China’s bond market.”
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