Investment Objective

To provide competitive overall rate of returns for members who hold a longer term investment view and want to seek returns through income and capital appreciation. Investments will be made on diversified basis mainly in Debt Securities issued by any government, central bank, supra-nationals, multilateral international agency and corporate issuers in the Asia Pacific region.

Fund Details

Latest Fund Expense Ratio: 1.36%

Launch Date(dd/mm/yyyy): 23/04/2012

Unit Price: HKD 10.836

Fund Size: HKD 1,424.6M

Fund Commentary

Global economic activity is expected to face pressure from the pandemic and containment measures. Within Asia, we believe the Chinese government and other Asian economies will introduce additional monetary easing and fiscal support as counter-cyclical measures, which should provide a positive backdrop for the high-quality Asian fixed income segment. Our base case for Asian credit is a gradual broad stabilization in credit spreads, while sectors such as energy will require close monitoring for credit risk. Overall, we believe the impact on Chinese credits is manageable in the near-term, underpinned by strong government ties. We expect the current market dislocation, combined with global monetary and fiscal stimulus, to trigger compelling long-term buying opportunities.

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