Index providers “under pressure” on China bond inclusion

Chinese onshore bonds are likely to be included in global fixed income benchmarks next year, as index providers are “under pressure” to make this move, according to a senior executive at US fund house Pimco. “My suspicion is that 2017 [will be] a major turning point,” said Luke Spajic, Singapore-based head of portfolio management for emerging Asia. He had previously expected this to happen in 2018, but has revised his thinking given the speed of opening of the China interbank bond…