Barclays launches Ucits RMB bond fund in Singapore

Barclays Capital Fund Solutions (BCFS), the asset management business of Barclays Capital, yesterday announced the launch of a Ucits III-compliant retail renminbi bond fund in Singapore, which will invest entirely in offshore – Hong Kong-issued or CNH – RMB bonds. RMB bond fund launches have come thick and fast in Hong Kong in recent months, from asset managers including China Construction Bank International, CSOP and Haitong. But the only vehicle other than BCFS's offered in Sing…