Smartshares bond fund reduces Chinese exposure

Smartshares bond fund reduces Chinese exposure
Smartshares is reducing its exposure to Chinese government bonds. (Image: Getty)
Staff reporters
Smartshares has scaled down its exposure to Chinese bonds by switching from one Bloomberg index to another. The NZX-owned fund manager’s third biggest fund – its global government bond exchange-traded fund – has reduced its exposure to Chinese-denominated securities from 8.5% to 0.5%.In a Dec 1 announcement, Smartshares chief executive Anna Scott said: “The scaled version is more representative of a developed market exposure, with a minimal exposure to emerging markets.”The market index for the fund will chang...

More Markets

Investore taps investors to buy Auckland’s Silverdale Centre
Property

Investore taps investors to buy Auckland’s Silverdale Centre

Chair Mike Allen said the acquisition presented a “compelling opportunity”.

ANZ pays for fair-dealing breaches, avoids pecuniary penalty
Markets

ANZ pays for fair-dealing breaches, avoids pecuniary penalty

ANZ pays $3.25m to Crown for self-reported breaches of Financial Markets Conduct Act.