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Premium China examines fixed income fund

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By Vishal Teckchandani
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2 minute read

Premium China Funds Management is planning to launch a fixed income fund that will invest in convertible notes and corporate bonds across Asia, particularly in India and Indonesia.

"We are actually planning to roll out a Premium Asian Income Fund," Premium China Funds Management executive director Simon Wu said.

Wu said the company had done research on the market and was expecting to launch a fund later this year.

"It is actually emerging and becoming a substantial market. It is around US$100 billion and is growing at the rate of 30 to 35 per cent a year," he said.

"We are targeting double-digit return."

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He said the fund would make use of the research of its sub-investment manager, Value Partners, a Hong Kong-based firm.