Published by Asia Asset Management – 18th Jan 2019
Barings launches two high-yield bond funds in Asia
US-based financial services firm Barings LLC launched two new high-yield bond funds in Asia this week.
One of them, the Barings Global High Yield Bond Fund, invests in high-yield fixed and floating rate corporate debt primarily listed or traded in North America or Europe, the company says in a statement on January 15, when the funds were launched.
“Compared to an equity-like asset class, high-yield bonds have the potential to offer comparable returns with lower volatility,” Barings says.
The second fund, the Barings Global Senior Secured Bond Fund, principally invests in sub-investment grade and/or unrated debt securities, mainly in Europe and the US.
Barings, which describes this fund as a “first of its kind in the Hong Kong retail market” says it offers retail or wealth investors exposure to dynamic high-yield investment solutions amid a maturing economic cycle.
Barings had US$310 billion of assets under management as at September 30, 2018.
Malaysia’s CIMB Principal Asset Management unveils bond fund
Malaysia’s CIMB Principal Asset Management Bhd launched a three-year closed-end total return bond fund on January 7.
The new CIMB-Principal Total Return Bond Fund 8 aims to provide investors with total return through investments in a portfolio that primarily comprises debt instruments, the company says in a statement on the day of the launch.
It adds that the fund, which is neither capital protected nor capital guaranteed, is suitable for investors who have medium-term investment goals and want exposure to a diversified portfolio of debt instruments.
The minimum initial investment in the fund is 1,000 ringgit (US$243.41).
CIMB-Principal Asset Management managed 54.02 billion ringgit of assets on behalf of individuals and corporations in Malaysia as at September 30, 2018.
India’s Aditya Birla Sun Life Mutual Fund launches fixed-term plan
India’s Aditya Birla Sun Life Mutual Fund has unveiled its Aditya Birla Sun Life Fixed Term Plan.
The scheme seeks to generate income by investing in a portfolio of fixed income securities, the company says in a statement on January 11, when the plan was launched.
The minimum investment in the fund, which closed on January 17, was 1,000 rupees (US$14.04).
India’s Axis Mutual Fund introduces Axis Fixed Term Plan
India’s Axis Mutual Fund unveiled its Axis Fixed Term Plan on January 15.
The closed-end plan seeks to generate returns by investing in debt and money market instruments, the company says in a statement on the day of the launch.
The minimum subscription is 5,000 rupees (US$70.28). The fund closes on January 21.
HSBC Mutual Fund Management launches closed-end fund in India
HSBC Mutual Fund Management recently introduced a closed-end fund in India.
The new HSBC Fixed Term Series aims to generate returns by investing in a portfolio of fixed income instruments, the company says in a statement upon the fund’s launch on January 7.
The minimum subscription in the fund, which closed on January 17, was 5,000 rupees (US$70.28).
