News
Fixed Income exposure
We would like to comment on the latest news flow on China Evergrande and its impact on the Chinese corporate bond market.
September 22, 2021
News
We would like to comment on the latest news flow on China Evergrande and its impact on the Chinese corporate bond market.
September 22, 2021
Please see below a breakdown of Credit Suisse Asset Management Fixed Income Funds with exposure to the China Real Estate sector.
Exposure (%) as per 31.08.2021 | CS (Lux) EM Corporate BF | CS (Lux) EM Corporate Investment Grade BF | CS (Lux) Asia Corporate BF | CS (Lux) RMB Credit BF | CS (Lux) Fixed Maturity BF 2021 | CS (Lux) Fixed Maturity BF 2022 | CS (Lux) Fixed Maturity FR BF 2023 | CS (Lux) Fixed Maturity BF 2024 |
Evergrande | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
China Real Estate overall | 10.2% | 5.1% | 27.3% | 11.6% | 14.8% | 28.8% | 27.2% | 21.9% |
China Real Estate IG | 0.0% | 5.1% | 4.6% | 5.3% | 2.8% | 1.2% | 1.3% | 3.2% |
China Real Estate HY | 10.2% | 0.0% | 22.7% | 6.3% | 12.1% | 27.6% | 25.9% | 18.7% |
# of issuers | 15 | 6 | 30 | 31 | 12 | 21 | 24 | 30 |
Avg. position in % per issuer | 0.7% | 0.9% | 0.9% | 0.4% | 1.2% | 1.4% | 1.1% | 0.7% |
Source: Credit Suisse.
Exposure (%) as per 31.08.2021 | CS (Lux) Corporate Short Duration EUR BF | CS (Lux) Corporate Short Duration USD BF | CS (Lux) Floating Rate Credit Fund |
Evergrande | 0.0% | 0.0% | 0.0% |
China Real Estate overall | 0.2% | 0.4% | 0.6% |
China Real Estate IG | 0.2% | 0.4% | 0.6% |
China Real Estate HY | 0.0% | 0.0% | 0.0% |
# of issuers | 2 | 1 | 1 |
Avg. position in % per issuer | 0.1% | 0.4% | 0.6% |
Source: Credit Suisse.
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