All investments involve risk. The value of your investment and the income from it will fluctuate and a loss of capital may occur.
Asia’s high yield bond market has grown rapidly over the past decade and has become an important component of the global emerging market high yield universe. With opportunities dispersed across a diverse landscape, Asian high yield bonds may offer an additional income source with relatively attractive yields and a shorter duration profile than global fixed income asset classes.1
Understanding the components of the Asia high yield market is key to navigating the credit challenges in this asset class. Leverage flexibility and disciplined credit selection to find the sweet spot between quality and risk in the Asia high yield market.
Focusing on better quality, higher rated bonds in the high yield universe to help minimize potential default risk
Combining bottom-up and top-down research to select opportunities in the Asian high-yield market, with ESG analysis fully integrated into the process
An award-winning team2 comprising experienced portfolio managers and analysts based in key locations across Asia and supported by a global fixed income platform
Pure high yield exposure
Captures total returns (income and capital appreciation)
Rigorous credit selection for alpha and risk control
The Sub-Fund is actively managed, seeking to deliver excess returns over the Sub-Fund’s benchmark. The holdings may or may not be components of the benchmark and the Investment Manager has broad discretion to deviate from the benchmark securities, weightings and risk characteristics. The degree to which the Sub-Fund resembles the composition and risk characteristics of the benchmark is not a specifically targeted outcome and could vary over time, and the Sub-Fund’s performance may be meaningfully different from the Sub-Fund’s benchmark.
Potential Investors should consider the following key risks before investing in the Sub-Fund:
Equity Risk: The value of shares and securities related to shares may fall due to issuer related issues, financial market dynamics and world events including economic and political changes.
Market Volatility Risk: All types of investments and all markets are subject to market volatility based on prevailing economic conditions. Price trends are determined mainly by financial market trends and by the economic development of the issuers, who are themselves affected by the overall situation of the global economy and by the economic and political conditions prevailing in each country. As securities may fluctuate in price, the value of your investment may go up and down.
Investment Loss Risk: Investments may decline in value and investors should be prepared to sustain a total loss of their investment.
FDI Risk: The prices of FDI can be highly volatile. In addition, the use of FDI also involves certain special risks depending on the type of FDI, including but not limited to correlation risk, counterparty credit risk, legal risk, settlement risk, margin risk, as well as other possible risks that may arise.
Emerging Market Risk: Emerging markets are typically smaller, less transparent and subject to evolving, less stable political and regulatory regimes.
The risk factors described above should not be considered an exhaustive list of risks, which potential investors should consider before investing in the Sub-Fund. For more details on the fund’s potential risks please read the Prospectus and Key Investor Information Document at pinebridge.com/funds
1 Bloomberg, PineBridge Investments. As of 31 December 2022.
2 PineBridge Investments was named the “Best Asia Pacific (ex-Japan) Fixed Income Manager” by Citywire Asia in 2022. Source: Citywire Asia, announced in November 2022. The winners are selected through quantitative and qualitative methods, including Citywire's global rating and performance data; Morningstar factsheets, ESG scores, and ratings data; voting and input from the key Asia-based fund buyers; and supplementary information from the shortlisted product manufacturers. For details of the awards, and methodology, please visit: https://citywire.com/asia/news/citywire-asia-asset-management-awards-2022-fixed-income/a2402610. Last accessed March 2023. The above award is for reference only. Third-party rankings from rating publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Generally, ratings, rankings, and recognition are based on information prepared and submitted by the advisor, and are part of a process in which not all advisors elect to participate. A more detailed disclosure of the criteria used in making these rankings is included above.
Investment involves risks. Past performance is not indicative of future performance. For illustrative purposes only. We are not soliciting or recommending any action based on this material. Investors should refer to the offering documents for details, including risk factors. Any views represent the opinion of the Investment Manager, are valid as of the date indicated, and are subject to change. Diversification does not ensure against market loss.
PineBridge Asian High Yield Total Return Bond Fund (the “Fund”) is a sub-fund of PineBridge Global Funds, an Irish domiciled UCITS umbrella fund, authorized and regulated by the Central Bank of Ireland. PineBridge Investments is a group of international companies that provide investment advice and market asset management products and services to clients around the world. PineBridge Investments is a registered trademark proprietary to PineBridge Investments IP Holding Company Limited.
Switzerland
