AlphaShares has launched a new China Yuan Bond Index designed to track bonds that are denominated in China�s local currency the renmimbi. The AlphaShares China Yuan Bond Index has been licensed to Guggenheim Funds Investment Advisors, LLC.

�The young but fast growing market for so-called �dim sum� bonds provides investors the opportunity to own bonds denominated in the RMB giving US investors direct exposure to the Chinese currency� stated Burton Malkiel, Chairman of the AlphaShares Index Committee and a co-founder of the firm. �Historically, these bonds have had low correlations with US bonds and other developed market bonds and as a result are an excellent way to diversify a fixed income portfolio.�

AlphaShares Launches China Yuan Bond Index New Index covers fast growing �dim sum� bond market of RMB denominated fixed income

Walnut Creek, Calif., (September 21, 2011) � AlphaShares, LLC announced today that it has launched a new China Yuan Bond Index designed to track bonds that are denominated in China�s local currency the renmimbi or RMB. (Renmimbi means �people�s currency�. Renmimbi are denominated in the unit Yuan.)

The AlphaShares China Yuan Bond Index measures and monitors the performance of an investable universe of publicly-available Chinese fixed income securities denominated in Chinese Yuan and includes bonds issued by both mainland Chinese and non-Chinese entities. �The young but fast growing market for so-called �dim sum� bonds provides investors the opportunity to own bonds denominated in the RMB giving US investors direct exposure to the Chinese currency� said Dr. Burton G. Malkiel, Chairman of the AlphaShares Index Committee and a co-founder of the firm. �Historically, these bonds have had low correlations with US bonds and other developed market bonds and as a result are an excellent way to diversify a fixed income portfolio.� In addition, said Dr. Malkiel, �The index includes only investment-grade credits from major issuers including the Chinese government and Chinese government agencies such as the Export Import Bank of China and the China Development Bank. Approximately 90% of the issues in the index are rated A- or better.�

The AlphaShares China Yuan Bond Index has been licensed to Guggenheim Funds Investment Advisors, LLC (�Guggenheim�). Previously AlphaShares has licensed four China equity indexes to Guggenheim. These indices are the basis for the Guggenheim China Real Estate ETF (NYSE Arca: TAO), the Guggenheim China Small Cap ETF (NYSE Arca: HAO), the Guggenheim China All Cap ETF (NYSE Arca: YAO) and the Guggenheim China Technology ETF (NYSE Arca: CQQQ). AlphaShares, LLC is a portfolio company of Northern Lights Capital Group.

About AlphaShares AlphaShares, LLC is an investment firm dedicated to providing investors with strategies and products to participate in China�s fast growing economy. AlphaShares investment philosophy and strategies are based on the beliefs and research of co-founder and Chief Investment Officer, Dr. Burton G. Malkiel. The AlphaShares team has over 100 years of experience with firms including, Barclays Global Investors, BARRA, Robertson Stephens & Company and The Vanguard Group.

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE