BlackRock to launch first RMB bond ETF in HK

BlackRock will become the first asset manager to launch a renminbi bond exchange-traded fund in Hong Kong, on June 18. The $3.7 trillion US fund house won approval from Hong Kong’s Securities and Futures Commission on Friday for the iShares RMB Bond Index ETF. It invests in RMB-denominated bonds issued by companies and government agencies as well as other companies listed outside China, also known as CNH or dim-sum bonds. While other firms have launched dim-sum bond products in …