Goldman Sachs Asset Management (GSAM) has reduced theTotal Expense Ratio on the Goldman Sachs Access China Government Bond UCITS ETF, from 0.35 per cent to 0.24 per cent.As Chinese government bonds become increasingly mainstream and get added to Developed Market bond indices, such as the FTSE WGBI, GSAM says the fund offers easy but also cost-effective access to this market.
The Chinese bond market is the second largest in the world and despite the size of the Chinese economy, Chinese assets are significantly under-owned by global investors.
