Chinese onshore bonds are now a key component of a leading global bond index – the move to the mainstream is happening. As part of this trend, we’re changing our All China Bond strategy’s performance comparison index to one that best reflects the opportunity set: Bloomberg Barclays Global Aggregate - Chinese Renminbi Index.
China’s renminbi: keeping an eye on the prize
The escalation of the US-China trade dispute has weighed on China’s renminbi in recent days, stoking broader fears among emerging market investors. We believe China’s long-term goals will prevent it from allowing significant short-term currency weakness and that these same bold ambitions bode well for the renminbi’s future. Mark Evans explains
China’s onshore bonds – ready for take-off
China’s onshore bonds have made their debut on a leading bond index, firmly launching them onto the global arena. Our new paper provides an overview of an asset class that is moving to the mainstream.
Five investment themes for the Year of the Pig
Chinese New Year arrives on 5 February. After getting severely mauled in the Year of the Dog, what are the investment themes we’re rooting out for in the Year of the Pig?
Bond ambition: China forges ahead
With China’s bond market on track to become second in size only to the US, what do investors need to know? Wilfred Wee recently attended the China Bond Market International Forum in Beijing. Here he shares his key takeaways.
Michael Power: Money Life Interview
In this interview Michael Power explains his expectations for a 'rollicking' market in the first half of 2019.
China bonds in a sweet spot
Find out why we believe the valuation correction offshore generates attractive investment opportunities in Chinese fixed income.
Chinese New Year: Five investment themes for the ‘Year of the Dog’
Chinese New Year is set to arrive on 16 February 2018, leaving behind the Year of the Rooster and ushering in the Year of the Dog. What are the key themes to look out for in the coming canine-related year?
Six reasons for investors to allocate to Chinese bonds
Whilst the inclusion of China’s A-Shares in MSCI’s indices took its share of the limelight, the announcement of Chinese bond inclusion in Bloomberg Barclays’ Global Aggregate Index appears to have been less explored.
The case for Chinese fixed income
As the world’s third largest bond market, Chinese fixed income is significantly under-represented in global portfolios. This looks set to change. This viewpoint examines the benefits for investors when investing in Chinese bonds and asks whether China behaves more like an emerging or developed fixed income market.
Globalising the renminbi
China wants the renminbi to become a globally accepted medium of exchange, store of wealth and fully fledged reserve currency. This viewpoint looks at the efforts underway to reform domestic financial markets and liberalise the capital account before the renminbi can be fully internationalised.
US Tariffs and their effects on Emerging Market Debt
Mike Hugman, Emerging Markets Fixed Income Portfolio Manager, argues that this round of actions is now largely announced and reflected in markets and will create opportunities to add risk to portfolios via EM currencies and equities in coming weeks.
Podcast: A fixed income perspective on China
Mark Evans, analyst at Investec Asset Management, discusses the investment case for China following the recent release of their latest GDP figures.
The Journal Volume 3: The evolution of China’s capital markets
We are embarking on a new era in global markets: it is likely to be one that has China’s increasing integration into the global financial system at its core.