RBC BlueBay Asset Management plans to launch its first yen-denominated bond fund early next year, betting that the deepening of Japan’s markets and rising yields will fuel investor demand.
The London-based firm, which oversees more than $133 billion in assets globally, aims to roll out the long-only strategy in the first quarter, targeting returns of about 100 basis points above the Nomura BPI benchmark index, Mark Dowding, chief investment officer, said in an interview in Tokyo this week. It will invest in Japanese government bonds and domestic credit, including Samurai notes, he said.
AloJapan.com