Fund Managers

HSBC plans Luxembourg RMB bond fund, closes two funds

The bank’s asset-management arm will start a renminbi bond fund targeting European investors in the fourth quarter, and continues its discipline of shuttering unpopular products.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  28%
TOTAL VOTES: 69
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