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Fund opens up Chinese currency to European investors

RCM, an asset management subsidiary of Allianz Global Investors, is to launch the first bond fund that is both denominated in renminbi and available across Europe

RCM, an asset management subsidiary of Allianz Global Investors, is set to launch a bond fund with a difference. The fund will be the first to invest in renminbi and to be Ucits compliant – one of the safest collective fund structures in Europe.

The fund will be denominated in euros, invest in renminbi held by banks in Hong Kong, then invest in renminbi denominated bonds.

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