Deutsche launches tradable dim sum index

Deutsche Bank yesterday launched the first tradable index that tracks dim sum bonds, as part of an effort to provide investors with liquid access to the offshore renminbi bond market. The Deutsche Bank Offshore Renminbi Bond Index Tracker (Orbit) follows other indices launched in Hong Kong by Citi, HSBC and Bank of China, but Deutsche’s is the first that investors can use to take exposure to dim sum bonds. “This is a tradable index,” said Vishal Goenka, head of local currency cr…