Asset Management and Investment FundsSeptember 26, 2019

Dillon Eustace advised on the first China corporate bond UCITS Fund.

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Dillon Eustace has been delighted to work with long standing client Queensland Investment Corporation (“QIC”), one of the largest institutional investment managers in Australia and Ping An Insurance (Group) Company of China, Ltd on the recent launch of their first China corporate bond UCITS Fund.

The product is issued offshore and denominated in renminbi (“RMB”). Its performance benchmark is the FTSE Chinese (Onshore CNY) Broad Bond Index--Interbank, China, Corporate. Its investment objective is to provide investors with returns in excess of the performance benchmark. For offshore institutions that need to hold Chinese onshore bonds and offshore Chinese institutions that hope to increase yields on offshore funds, the fund provides opportunities to invest in China's bond market with convenience, efficiency and controllable risks.

Dillon Eustace partners Brian Dillon and Cillian Bredin and solicitor Daniel Clifford advised QIC.