Fund managers assess impact of RMB SDR inclusion

A decade after China introduced a flexible foreign-exchange rate mechanism, the International Monetary Fund has designated the renminbi as a global reserve currency, foreshadowing a gradual, but major impact on global investment portfolios.  Fund managers say investors will now need a long-term strategy for including Chinese assets in their portfolios on a permanent basis – as with other reserve currencies – rather than opportunistically.  Moreover, bond fund managers will have …