Asian Bond Fund 2 gets $2 billion seed

Asian central banks select fund managers, custodians and administrators for nine new bond funds and invest $2 billion of seed capital.

The grouping of Asian central banks known as EMEAP, yesterday announced that it had selected nine fund managers and a custodian for the Asian Bond fund 2 (ABF2) initiative, as well as committing $2 billion of seed capital to the funds. The announcement shows the progress that has been made since the ABF2 scheme was revealed in December 2004.

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