The rush to offer renminbi denominated bond funds was “a little odd”, given the low yield on offer, according to Jim O’Neill.
The chairman of Goldman Sachs Asset Management, who came up with the Bric acronym for the emerging markets supergroup of Brazil, Russia, India and China, said such funds, along with corporate bond funds and emerging market debt funds, “will turn out to be a by-product of low US rates rather than sustainable investment themes”.
Confidence over renminbi appreciation is “the probable reason why people are finding the renminbi bond idea so popular”, he added.
您已閱讀61%（583字），剩餘39%（373字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。