Bank of China to launch yuan funds in Switzerland
Tuesday, September 8, 2009 : PermalinkReuters – Bank of China will launch the first yuan-denominated investment funds in Switzerland as Chinese investors expand their horizons and look to manage exchange rate risk.
The yuan funds, to be invested in a range of global assets, will be among a batch of 24 funds denominated in different currencies issued by Bank of China in Switzerland, the bank said in a statement on its website on Tuesday.
