Guggenheim Funds will launch a new Chinese yuan-denominated bond fund, Index Universe reports. The Guggenheim China Yuan Bond ETF will focus solely on Chinese debt. The firm has filed with the U.S. Securities and Exchange Commission for the same.
The fund will use a sampling strategy on a rules-based index comprising fixed-income securities issued by Chinese or non-Chinese companies, agencies and government. Guggenheim Funds Investment Advisors has been appointed as investment advisor to the fund.
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