Invesco to tap CIBM this year, tips $400bn in fund manager flows
Invesco aims to directly invest in China's interbank bond market this year, says its Asia-Pacific head of fixed income. The firm expects to see up to $400 billion in flows from fund managers alone.
US fund house Invesco plans to invest in China’s newly opened interbank bond market (CIBM) this year with an initial focus on government and policy bonds, but it is likely to avoid corporate credit for at least 12 months.
The firm expects to be joining a flood of other capital, now that Beijing has removed the CIBM quota system for most investors and addressed other issues.
Invesco estimates in its latest China bond report, due for release today, that inflows could reach $200 bi…
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