Allianz Global Investors launches Renminbi fund

The Allianz RCM Renminbi Currency fund aims to allow investors to participate in the appreciation of the RMB at a lower level of risk. It is intended that the fund will invest 100% in deposits and will be highly liquid.    Hong Kong-based Lam also manages the Allianz RCM Renminbi Fixed Income fund which has been closed at its capacity of €450m. She says despite the recent weakness and volatility in global financial markets, she believes that China remains committed to the gradual appreciation of the RMB given the need to redirect its economic focus from export driven to domestic consumpt...