UBS China Fixed Income fund exceeds USD 1 billion in AuM

The fund provides easy and direct access to Chinese domestic bonds denominated in renminbi, with a preference for high quality, liquid securities mainly issued by the Chinese government, policy banks and private companies

News 22 Jan 2021
Media Relations

UBS Asset Management (UBS AM) announces that its UBS (Lux) Bond SICAV - China Fixed Income (RMB) fund has exceeded USD 1 billion in assets under management, demonstrating a significant increase in investor interest in Chinese bonds in 2020.

The fund provides easy and direct access to Chinese renminbi-denominated domestic bonds. Actively managed in terms of duration and issuer selection, the product offers exposure mostly to high quality, liquid securities mainly issued by the Chinese government, policy banks and local companies.

Hayden Briscoe, Head of Asian Fixed Income at UBS Asset Management, said: “The Chinese bond market is the second largest in the world and, although it is still underrepresented within the global indices and our clients' portfolios, we believe it will continue to grow considerably.

In a world of increasingly compressed yields, the Chinese market still offers very competitive returns. In addition to that, in the severe market stress seen last March, Chinese sovereign debt proved to be uncorrelated to most global equity markets, and showed low correlation with respect to other bond markets.

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