Goldman Sachs Access China Government Bond UCITS ETF (Ticker: CBND LN | ISIN: IE00BJSBCS90) has reduced its TER from 0.35% to 0.24%.
Goldman Sachs Asset Management (GSAM) announces the reduction in the Total Expense Ratio on the Goldman Sachs Access China Government Bond UCITS ETF, from 0.35% to 0.24%, making it the fee-leading product in the category.
As Chinese government bonds become increasingly mainstream and get added to Developed Market bond indices, such as the FTSE WGBI, GSAM is proud to offer its clients not only easy but also cost-effective access to this market. Below highlights the opportunity in the Chinese bond market:
Chinese bond market is the 2nd largest in the world and despite the size of the Chinese economy, Chinese assets are significantly under-owned by global investors
CNY currency upside due to the sensitivity to China’s strong domestic recovery – ahead of the rest of the world
>3% YTM for A+ rated government debt
Strong diversifying characteristics in combination with other bond markets as well as Chinese equities
Strong foreign inflows following the Bloomberg, JPMorgan, and FTSE bond index inclusions, implying passive inflows of ca. $300bn until 2022