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HKMA puts out $1bn-plus bond fund mandate

Jame DiBiasio
The second Asian Bond Fund will invest in local currencies and involve active and passive managers.

The Hong Kong Monetary Authority has issued RFPs to an undisclosed number of fund management companies to bid for over $1 billion of Asian fixed-income mandates. This comprises the long-awaited Asian Bond Fund 2, an initiative of the region's central banks to stimulate local bond market development.

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