HSBC plans Luxembourg RMB bond fund, closes two funds

Aug 29, 2011

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.

HSBC plans Luxembourg RMB bond fund, closes two funds

HSBC Global Asset Management will add to the dozen funds it launched this year in Asia in the first half of with a Luxembourg-domiciled renminbi bond vehicle targeting European investors.

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