SinoPac Asset Management (Asia) is seeking to roll out an offshore yuan-denominated bond fund, Fox Business reports. The asset management unit of Taiwan-based SinoPac Financial Holdings will unveil the fund with a targeted size of $40 million to $50 million. Diederik Werdm lder, senior vice president of SinoPac Securities (Asia), is adviser to the fund. SinoPac will begin investing the funds into dim sum bonds with coupons higher than 3 percent, aiming for a return of between 7 percent and 10 percent a year in U.S. dollar terms.

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