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China,Singapore : NIKKO ASSET MANAGEMENT collaborates with DBS and BANK of CHINA

July 3, 2014

Nikko Asset Management is planning to introduce Singapore's first China Onshore Bond Fund in mid-July in collaboration with Bank of China and DBS Bank.

In May, Chinese authorities awarded Nikko Asset Management with the Renminbi Qualified Foreign Institutional Investor (RQFII). Nikko also granted a quota of one billion renminbi to invest in China's capital markets under the programme.

The new finance is based on regulatory approval. It is drafted for retail investors seeking a total return of capital growth and income via exposure to RMB and its denominated fixed income instruments.

It will lend mainly in a portfolio of RMB-denominated certificates of deposits, preferred shares, bonds, money market funds as well as other fixed income instruments issued onshore by the Chinese governments, quasi-government entities, corporations and financial institutions.

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Source: TendersInfo (India)

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