Oddo Asset Management taps into offshore renminbi bonds

Shanghai1Paris-based Oddo Asset Management has launched a bond fund, which invests in BBB- or higher debt that is denominated in offshore renminbi and issued by private

or public entities worldwide.

 

The fund will never have more than 30% of its investments in companies domiciled outside of China.

A sub-fund of the Oddo Funds Luxembourg-based mutual fund Sicav, the Oddo Bonds China RMB is managed by Alain Krief, head of fixed income investment, and Liming Xia, emerging markets fund manager.

Oddo Asset Management is the asset management subsidiary of banking group Oddo & Cie and has €13.3 billion of assets under management.

Oddo & Cie signed a partnership agreement with Chinese broker Guosen Securities one year ago.

©2013 funds europe