Harvest Fund and Bloomberg Collaborate On New Product Development Using Bloomberg Barclays Indices

Harvest Fund, one of China’s largest asset management firms, and Bloomberg announced a collaboration on fixed income index product development. Harvest Fund is the first asset manager based in mainland China to partner with Bloomberg around the Bloomberg Barclays indices.

Harvest Fund and Bloomberg will be working on index investment strategy research, customized indices and product development using Bloomberg Barclays Indices. This collaboration follows Harvest Fund and Bloomberg’s data and technology strategic partnership inked in October 2018.

Lei Jing, CEO of Harvest Fund said, “With the inclusion of RMB-denominated government and policy bank bonds into the Bloomberg Barclays Global Aggregate Index, we expect that investor interest in China’s onshore bond market will correspondingly increase.

Bloomberg has deep knowledge and experience in fixed income indices and we are delighted to expand our partnership to develop investment products for global investors to tap the burgeoning onshore bond market in China.”

“As China’s financial market continues to open up, we expect to see more foreign investors allocating capital in China,” said Bing Li, Head of China at Bloomberg. “This is an opportune time for domestic asset managers and we are pleased to support them to diversify their product offerings which will lead to growing foreign participation in China’s bond market. We will work closely with Harvest Fund to advance index business to better meet the needs of customers.”

With a 45-year tradition, the Bloomberg Barclays Indices are the most widely-used indices for fixed income investors seeking objective, rules-based and representative benchmarks to measure asset class risk and returns. A leader in fixed income investing, Bloomberg Barclays Indices offer unmatched market coverage, including global fixed income, inflation-linked and swap benchmark indices.

About Harvest Fund
Founded in March 1999, Harvest Fund Management Co., Ltd. (“Harvest Fund”) was one of the ten earliest fund management companies established in China. Over the past 19 years, Harvest Fund has always been committed to business compliance. By adhering to its philosophy of “progressing with vision”, it has now developed into a full-licenses business covering a wide range of services including mutual funds, institutional investment, pension funds, overseas investment and wealth management. By the end of 2017, Harvest Fund had CNY950 billion assets under management, maintaining a leading position in the industry for 10 consecutive years, and had been providing professional and efficient financial services for over eighty million investors. Over the past 19 years, Harvest’s mutual funds have generated CNY151.9 billion investment returns for investors. For more information, visit www.jsfund.cn.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.