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J.P. Morgan’s Asia Total Return Bond Fund attracts more than US$150 million with new share class

Looking to put Hong Kong’s gargantuan RMB944 billion (US$151 billion) deposit base to better use, private banks have been searching for fund strategies with a yuan flavour and J.P. Morgan has been among the beneficiaries with more than US$150 million of inflows into its Asia Total Return Bond Fund. The American asset manager launched the renminbi-hedged share class for the…

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