Aberdeen unveils ‘world first’ Asian currency short duration bond fund
The asset manager fashions a new fund based in Luxembourg and markets it as a smarter way to play Asian currency appreciation than just piling into the CNH market.
Aberdeen Asset Management has launched what it believes to be the first Asian local currency short-duration bond fund as a more diversified play on regional appreciation than simply piling into Hong Kong’s CNH market.
The firm opted to rename and reposition an existing vehicle, rather than close the fund and launch a new one. The result is the Aberdeen Global – Asian Local Currency Short Duration Bond Fund, whose benchmark is the iBoxx – Asia ex-Japan sovereign 1-3 years index.
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