Deutsche launches tradable dim sum index

Deutsche Bank launches an index to track offshore renminbi-denominated bonds or dim sum bonds.

Deutsche launches tradable dim sum index
Photo: AFP

Deutsche Bank yesterday launched the first tradable index that tracks dim sum bonds, as part of an effort to provide investors with liquid access to the offshore renminbi bond market.

The Deutsche Bank Offshore Renminbi Bond Index Tracker Orbit follows other indices launched in Hong Kong by Citi, HSBC and Bank of China, but Deutsche’s is the first that investors can use to take exposure to dim sum bonds.

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