E Fund's Taiwan mandate wins highlight RMB demand
China's third-largest mutual fund house has recently received mandates from five Taiwanese insurers. Institutional demand for high-yielding onshore bonds remains strong despite the devaluation of the renminbi.
Chinese asset manager E Fund Management’s series of recent Taiwan mandate wins have highlighted the island’s institutional demand for mainland exposure.
Despite a summer of A-share and renminbi turmoil, Taiwan asset owners’ demand for onshore bonds has been undiminished in part to a lack of RQFII quotas giving them direct access to the mainland market.
A total of five Taiwanese life insurance companies have handed out Rmb442 million ($13.6 million) in renminbi bond mandates to E…
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