Allianz to launch renminbi bond fund

Allianz Global Investors is looking to launch a renminbi-denominated fixed income fund in the summer.

The Allianz RCM Renminbi Income fund is likely to be managed by Hong-Kong based Helen Lam, who has worked on RCM's regional fixed income team since 1999. She is co-manager of the RCM Growth, Absolute Return, and HK Dollar Liquidity funds. The fund will aim to deliver long-term capital growth and achieve a total return through a diversified portfolio of fixed interest securities. The portfolio will include Chinese government bonds, corporate bonds, quasi government bonds, super national bonds and renminbi deposits. It will also be able to invest in convertible bonds in order to e...