Invesco PowerShares Capital Management has rolled out a Chinese yuan dim sum bond fund. The PowerShares Chinese Yuan Dim Sum Bond Portfolio will offer access to yuan-denominated dim sum bonds issued and settled outside mainland China. The fund will have an expense ratio of 0.45 percent and is likely to issue monthly distributions. The vehicle will be benchmarked against the Citigroup Dim Sum (Offshore CNY) Bond Index and invest at least 90 percent of its total assets in Chinese yuan-denominated bonds that comprise the index.
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