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富達:“南向通”開通,境內投資者可增配中資美元債
格隆匯 09-16 12:23

央行與香港金融管理局昨日(15日)聯合宣佈,將於下週五(24日)上線債券南向通,年度總額度爲5000億元等值人民幣,每日額度爲200億元等值人民幣。

對此,富達國際固定收益基金經理成皓髮表評論指,“南向通”的上線標誌着債券通機制的進一步完善,境內外債券市場實現了雙向互通,是中國金融市場持續開放的重要體現。

他指出,南向通的開通有利於境內投資者佈局境外中資債券,特別是佔比超過90%的中資美元債。中資美元債因其與境內信用債在流動性、風險收益、品種分佈等方面存在重大差異,對境內投資者具有較大的跨境多元化配置價值。在當前境內高等級債券利差被壓縮至歷史低位的背景下,增配一部分境外中資債券,尤其是高收益債,有助於提高組合收益,並且在不犧牲流動性的情況下,降低整體淨值波動。

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