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Specialist in Asia Pacific, Japan, China, India and South East Asia and Global Emerging Market equities.

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Specialists in equity portfolios in Asia Pacific, emerging markets, global and sustainable investment strategies

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This is a financial promotion for The First Sentier Asian Fixed Income Strategy. This information is for investors in the UK and EEA and elsewhere where lawful. Investing involves certain risks including:

  • The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested.
  • Credit risk: The issuers of bonds or similar investments may not pay income or repay capital when due. 
  • Charges to capital risk: The fees and expenses may be charged against the capital property. Deducting expenses from capital reduces the potential for capital growth.
  • Single country / specific region risk: investing in a single country or specific region may be riskier than investing in a number of different countries or regions. Investing in a larger number of countries or regions helps spread risk. 
  • Below investment grade risk: Below investment grade debt securities are speculative and involve a greater risk of default and price changes than investment grade debt securities due to changes in the issuer’s creditworthiness. In periods of general economic difficulty, the market prices may fluctuate and decline significantly.
  • Interest rate risk: bond prices have an inverse relationship with interest rates such that when interest rates rise, bonds may fall in value. Rising interest rates may cause the value of your investment to fall. 
  • Emerging market risk: Emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities. 
     

For details of the firms issuing this information and any funds referred to, please see Terms and Conditions and Important Information.  

For a full description of the terms of investment and the risks please see the Prospectus and Key Investor Information Document for each Fund. 

If you are in any doubt as to the suitability of our funds for your investment needs, please seek investment advice.

Asian Fixed Income

Asian Fixed Income

Opportunity within fast growing and diverse economies

Having witnessed an unrivalled transformation and expansion over the last decade, we believe Asian markets are set to become the economic engine of the world. 

Investors have the opportunity to benefit from this increasingly diversified asset class, with ample liquidity* and volatility* akin to that of developed markets. 

Successfully immersing ourselves in the markets in which we invest

Seasoned investment professionals

Due to the ever-changing landscape of the Asian Fixed Income (bonds) opportunity set, the individual nature of constituent markets, and the rapidly expanding Asian corporate market, a successful team needs to be immersed in the region; locally-based with significant tenure.  We’ve been successfully managing Asian Fixed Income since 1999, and our seasoned investment managers locally based in Hong Kong, Singapore and Sydney, have significant experience investing throughout the market cycle.

Expert research and a disciplined investment process

Our research process is forward looking, disciplined and a core component of our robust and repeatable investment process. We consider both wider and more country specific economic factors such as inflation and unemployment. Risk management is at the heart of what we do, and one that permeates every stage of our investment process. We believe our teams’ experience of investing through market crises proves invaluable in this respect.

Truly integrated approach to environmental, social and governance (ESG)

With more than 10 years of comprehensive ESG integration into our research process, we understand how vitally important these factors are when investing in Asian credit (corporate bonds). ESG considerations are critical in the assignment of internal credit ratings* to issuers.

Explore our product

The product section will an interactive version of the fund fact sheets from a third party provider. Template will be the same for all asset classes and circulated shortly. The why invest below will sit alongside the fund data. 

Throughout our range of actively managed strategies, what remains consistent is a proven investment process focused on delivering risk-adjusted* returns. We incorporate disciplined in-house credit analysis to identify and exploit attractively priced opportunities from across global markets, with the ultimate aim of delivering on our clients’ objectives. 

Our difference

A proven and differentiated investment philosophy:

We consider risk management as key to our philosophy, and one that permeates every stage of our investment process. We follow a prudent investment approach aiming to deliver consistent income generation and achieve superior risk-adjusted* returns. Country selection reflects the output of our Asian markets assessment. Our management of factors such as differing bond maturities or price sensitivities to interest rate changes reflects our analysis of the broader trends that influence the bond market. 

Consistent long-term performance track record:

Positive risk-adjusted* returns generated over 3-5 year time horizons. Please remember past performance is not a guide to future performance. 

World-class ESG integration:

We have a vigorous environmental, social and governance (ESG) process that is built in at both the company and product level. More importantly, ESG risk factors are an important consideration in the assignment of credit ratings* on individual issuers.

Multi-dimensional credit research:

Credit research focuses on assessing the risks involved in particular credit investments, helping identify issuers with deteriorating creditworthiness. Our analysis considers a variety of risk factors, enabling an in-depth, broad assessment of credit opportunities.

All positions in our portfolio are backed by research

We are stewards of our clients’ capital, and we take that very seriously. 

We believe that successful fixed income investing requires a deep focus on risk management, given the inherently asymmetric nature of the investments. For this reason every position in the portfolio is backed by in-depth research.  Identifying rating  migration and defaults is as important as finding relative value opportunities. 

Options and Opportunity

Asian Fixed Income is often overlooked by investors, however we believe it has the potential to complement existing investments commonly held across other asset classes.

Diversification

Offering our clients diversification within their portfolios:

  • To existing Fixed Income exposure
  • To Sovereign Emerging Markets exposure
  • To Investment Grade developed market exposure
Income

Offering our client's the potential for a stable income stream

Growth

Giving clients exposure to corporate credit companies, driving global economic growth

Glossary

Liquidity

Liquidity refers to the speed and ease with which financial assets can be sold in the market without dramatically affecting the price. Highly liquid assets are quickly sold with little-to-no price impact; highly illiquid assets may take a long time to sell and cause a large shift in price.

Volatility

Volatility refers to the range of prices a particular investment will typically experience around its average trading price, including rises and falls. Because volatile investments swing more wildly in price, they are considered higher risk due to greater uncertainties in the dispersion of potential returns. 

Corporate bonds / credit

Corporate bonds - otherwise referred to as 'credit' investments - are a type of loan that a company issues to investors in exchange for a fixed rate of return or interest, also known as a coupon, over a specified timeframe, known as its maturity date. 

Risk-adjusted returns

A risk-adjusted return is the return an investor receives relative to the given level of risk they are taking in a particular investment. Higher returns relative to other investments may not equal a higher risk-adjusted return if the investments being made involves taking more risk. 

Credit ratings

Government or corporate bonds will be assessed for their creditworthiness and given a relavent 'credit rating', by independent firms knowns as credit ratingas agencies. Higher rated, more creditworthy bonds are referred to as 'investment grade'; and lower rated, less creditworthy bonds as 'high yield'.

Investment grade

When government or corporate bonds are assessed for their creditworthiness, by independent companies known as credit ratings agencies, they are broadly placed into one of two groups: a higher rated, more creditworthy 'investment grade' group; or a lower rated, less creditworthy 'high yield' group. 

High yield

When government or corporate bonds are assessed for their creditworthiness, by independent companies known as credit ratings agencies, they are broadly placed into one of two groups: a higher rated, more creditworthy 'investment grade' group; or a lower rated, less creditworthy 'high yield' group. 

Hard currency

Hard currencies refer to major currencies that tend to trade with relatively stable prices and therefore represent a relatively reliable store of value. Generally issued by economically and politically sound countries, by far the most frequently used is the US dollar, but the euro, the yen and pound sterling are also common.

Meet the Investment team

Jamie Grant

Head of Emerging Markets and Asian Fixed Income

Nigel Foo

Senior Portfolio Manager

Nicole Hsieh

Senior Portfolio Manager

Adrian Au

Senior Manager / Credit Analyst