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Allianz Closes Renminbi Bond Fund

Allianz Global Investors is shutting its renminbi bond fund to new investments to preserve liquidity.

Allianz Global Investors is shutting its renminbi bond fund to new investments to preserve liquidity, Citywire reports. The Allianz RCM Renminbi Fixed Income fund, launched in June, has already secured €450 million in assets under management.

The fund also holds a portion of renminbi deposits. Allianz is considering launching a renminbi deposit fund to provide pure currency exposure. The new vehicle will invest in currency deposits, rather than fixed income.

Click here for the story from Citywire.

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