UBS AM adds to China bond team, eyes CIBM access
The fund house's Asia head of fixed income, Ashley Perrott, suggests that waiting on China's inclusion in global bond indexes is a red herring, as his firm continues its push onshore.
UBS Asset Management is looking to ramp up its China fixed income offering by adding credit specialists, moving to register funds to invest in the local interbank bond market and developing Hong Kong-domiciled products for the cross-border mutual recognition of funds (MRF) scheme.
Other fund houses are making moves on this front, such as Bridgewater, Fullerton and Invesco, but some institutions and asset managers are taking a slower approach.
The main reason for this is their la…
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