China junk-bond bargain hunters trigger 388% surge in ETF assets

Firms including Allianz Global Investors and Axa Investment Managers say they are looking to increase their holdings, joining Goldman Sachs Asset Management and Oaktree Capital Group.

SINGAPORE: One exchange-traded fund (ETF) shows how investors are increasing bets on a rebound in Chinese property junk bonds.

Surging inflows have lifted total assets of the iShares USD Asia High Yield Bond Index ETF to US$1.87bil (RM7.81bil) from US$383mil (RM1.58bil) at the end of August, an increase of 388%.