AlphaShares, a privately owned investment manager, has rolled out a new China Yuan Bond Index, MutualFundWire reports. The new index, designed to track bonds denominated in the renminbi, China’s local currency, has been licensed to Guggenheim Funds Investment Advisors. The index measures and monitors the performance of an investable universe of publicly available Chinese fixed-income securities denominated in Chinese yuan. The index includes only investment-grade credits from major issuers including agencies such as the Export Import Bank of China and the China Development Bank.
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