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Allianz Global Launches Second Renminbi Fund

Allianz Global Investors has rolled out its second renminbi fund.

Allianz Global Investors has rolled out its second renminbi fund, Investment Week reports. The Luxembourg-domiciled Allianz RCM Renminbi Currency Fund will provide investors exposure to the expected appreciation of the currency.

The fund, to be managed by Helen Lam, will invest in a range of renminbi-denominated currency deposits. She also manages the company’s first renminbi offering, which was soft-closed in August raising €450 million.

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