China’s stealthy yuan support ebbs, denting hot hedge fund trade

Quick Summary:

A lucrative trade that helped hedge funds ratchet up profits on Chinese debt instruments is starting to lose its charm, analysts say.

It is likely to narrow investment options for global investors in China as a sluggish economy and geopolitical tensions hurt sentiment in yuan assets.

But that is bad news for hedge funds.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongChina

Topics: Strategy Hedge Using Notes Bank Funds Yuan Investors Chinese Debt Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 13:08:08 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 212 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22524056

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