Asia Value Bond

Asia has undergone tremendous structural reform in the past few decades. Beyond export-oriented growth, the region has seen increased economic diversification, greater government transparency and deepening capital markets. To sustain continued growth, many Asian enterprises are increasingly tapping USD-denominated debt markets. 

As a result, the region offers improving credit quality and increasingly diverse opportunities¹. In our view, Asia debt can provide attractive credit opportunities relative to its developed-markets peers, and better fundamentals compared with other emerging-world peers.

Source: LOIM, Bloomberg, 31 May 2023. For illustrative purposes only.

1 Source: Moody’s, JP Morgan, October 2018. There can be no assurance that the Sub-Fund’s investment objective will be achieved or that there will be a return on capital or that a substantial loss will not be incurred.

The strategy is managed by an experienced team, with diverse backgrounds and whose track record goes back more than a decade.

With a belief in being local in Asia, the team is situated in Singapore, the latter growing as a leading global hub for Asia and global emerging-market issuer meetings, including deal and non-deal roadshows.

The local investment teams have deep knowledge of the Asian credit markets, as well as a strong network within the wider fixed-income community, ratings agencies and bank syndicates.