Haitong to launch offshore RMB high-yield bond fund
To round out its fixed-income suite, Haitong International Asset Management is readying to sell a new quarterly dividend fund to professional investors through private placement.
Haitong International Asset Management is preparing to launch an offshore RMB high-yield bond fund for local Hong Kong and international professional investors before the end of this year as it seeks to round out its fixed-income product suite.
Joseph Lau, managing director of Haitong International AM, says the quarterly dividend fund will invest in high-yield CNH bonds, synthetic bonds, US dollar-denominated bonds issued by Chinese enterprises and convertible bonds.
“We notice …
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