All investments involve risk. The value of your investment and the income from it will fluctuate and a loss of capital may occur.
In a global lower-for-longer yield environment, leverage flexibility and disciplined credit selection to find the sweet spot between quality and risk in the Asian high yield bond market.
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 In addition, with valuations of Asian high yield bonds at decade-long lows, it provides a compelling entry point for long-term investments.
Tune in as Arthur Lau, Co-Head of Emerging Markets Fixed Income, Head of Asia ex-Japan Fixed Income, shares why the Asia high yield bond asset class presents compelling long-term opportunities for investors looking for attractive yield and risk profiles versus other global fixed income asset classes.
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 Source: ICE BofAML, as of 31 December 2020.
2 AUM as of 31 March 2021; Zero-default track record refers to the underlying securities of the portfolios managed by PineBridge Investments Asia Limited Fixed Income Team, as of March 2021.
Unless otherwise stated, all information is as of 31 March 2021 and sourced from PineBridge Investments internal data.
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.