Van Eck Global has launched the Market Vectors Renminbi Bond ETF, a exchange-traded fund that offers exposure to Chinese renminbi-denominated bonds through the Market Vectors Renminbi Bond Index.
“The world is transitioning from a period of U.S. dollar dominance to an era of currency blocs that better reflect the dispersion of economic growth,” said Jan van Eck, a principal at Van Eck Global. “Certainly, the renminbi will be one of those currency blocs, and China has taken significant steps to internationalize the RMB over the past two years. As this trend continues, investors should consider allocating to each of these blocs over time—but neither China stocks nor China bonds are represented in widely used indices.”
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