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BEA Union launches China HY fund amid declining issuance

Christina Wang
The Hong Kong asset manager points to a rebound in interest in high-yield bonds, but is avoiding renminbi issues amid uncertainty over the currency.
BEA Union launches China HY fund amid declining issuance

Hong Kong-based BEA Union Investment is about to launch a China high-yield bond fund, though it is avoiding buying renminbi issues for the time being in light of uncertainty over the currency. This will further reduce the universe of assets available to it, especially given the recent heavy decline in dollar-denominated China HY bond issuance.   

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