Asian High Yield Corporate Bond Funds

[xandman]

US residence do not seem to have any choices for this asset class. I found the iShares fund at SGX/SEHK but IBKR states that "US residents cannot take positions...".

Anybody know alternatives?

 

[MrMuppet]

When there are capital controls there are capital controls.
And when financial institutes don't want US clients, they don't want US clients.

No way around it

 

[xandman]

When there are capital controls there are capital controls.
And when financial institutes don't want US clients, they don't want US clients.

No way around it

So, this is broad regulation around the world which prevents US retail investors?

 

[longandshort]

So, this is broad regulation around the world which prevents US retail investors?

every region/asset class has some form of regulation which limits what types of investors can access the vehicle (fund). you can get some exposure through an indexed vehicles like iagg or a local currency bond fund, but that's about it.

 

[xandman]

I can't even access Canadian funds based on the Hang Send Dividend Index. That's funny, considering the hyped up garbage listed on American exchanges.

I will email IBKR for master list of accessible China funds.

 

[ph1l]

Anybody know alternatives?

HYEM VanEck Emerging Markets High Yield Bond ETF
has some holdings from Asia.

 

[MrMuppet]

So, this is broad regulation around the world which prevents US retail investors?

US global tax rules imply that also foreign financial institutes have to report activity to the IRS and nobody wants to deal with this BS. So they just avoid US clients alltogether

 

[xandman]

US global tax rules imply that also foreign financial institutes have to report activity to the IRS and nobody wants to deal with this BS. So they just avoid US clients alltogether

I am guessing this COULD leave the possibility of tax withholding even for accounts registered as tax-exempt.

 

[xandman]

HYEM VanEck Emerging Markets High Yield Bond ETF
has some holdings from Asia.

It does seem to have the aggressiveness I am looking for. Mostly BB corporates. Too bad it's only a 13% allocation. It's the most I have seen for US investors.

MStar Best in category.

 

[ajacobson]

Reciprocal compliance agreement with the SEC. That is why in some markets you can trade CFTC regulated products, but not SEC-regulated. Institutions - even US-based are "usually" exempt if they have size assets.