Guggenheim Investments has rolled out a yuan-denominated bond exchange-traded fund (ETF), Index Universe reports. The Guggenheim Yuan Bond ETF is the first such U.S. product denominated in the local currency to focus solely on China-related debt. The ETF will use a sampling strategy on a rules-based index comprising fixed-income securities issued by Chinese or non-Chinese companies. Guggenheim Funds Investment Advisors will serve as investment adviser to the vehicle. Other companies lining up fixed-income ETFs focusing on China-related debt are Van Eck Global, Invesco PowerShares, WisdomTree and ETSpreads.
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