London-based fixed-income manager Stratton Street Capital is positive on the outlook for RMB as it anticipates that the Chinese currency will continue to appreciate against its peers in view of the country’s trade surplus and capital inflows.
Andy Seaman, fund manager and partner at Stratton Street Capital, said that the firm has been bullish on the Chinese currency ever since it established its RMB Bond Fund in 2007, which invests in Asian hard currency denominated sovereign and corporate debt.
The fund is an outperformer among its peers, beating the HSBC Offshore RMB Bond Index since its inception.
Source:http://www.asiaasset.com/news/Stratton_Street_Capital_talks_up_RMB_outlook0212.aspx