T Rowe Price bond funds approved in Hong Kong

ApprovedUS-based asset manager T Rowe Price has gained authorisation for four of its bond funds to be sold in Hong Kong. The products are the first of the firm's bond funds to be available to retail investors in Hong Kong and offer exposure to European, emerging market and global fixed income. “With the persistent low-growth environment and interest rates at historic lows, these newly-authorised funds meet the increasing demand among Hong Kong investors for new, high-yield investment solutions,” said Elsie Chan, head of intermediaries, Asia ex Japan at T Rowe Price. The firm, which had already gained authorisation for six of its equity funds to be sold in Hong Kong, says the latest approvals are a “new milestone” in its Asian growth strategy. The funds, part of the firm's Sicav, are the Emerging Markets Bond Fund, Euro Corporate Bond Fund, European High Yield Bond Fund and Global High Income Bond Fund. Based in Baltimore, T Rowe Price had $904 billion under management at the end of June. ©2017 funds global asia

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