The renminbi can continue to appreciate by 2-3% a year, providing an attractive kicker to returns, according to Andy Seaman, CEO and executive partner Stratton Street.
Seaman (pictured) co-manages the firm’s Renminbi Bond fund, which just passed its 10 year anniversary late last year. The timing of the launch proved prescient, with the Chinese currency going on to become the second best performer against the US dollar, after the Swiss franc, over the last decade.
The $275 million (£206 million) strategy was born out of a hedge fund and since inception on 30 November 2007, it has gone on to deliver annualised returns of 9.1% net of fees and a total return of 138.5%.
Source:http://citywire.co.uk/wealth-manager/news/renminbi-set-to-continue-2-3-appreciation-versus-dollar/a1087352