
2026 | 2025 | 2024 | 2023
The fund managers seek consistent and attractive risk-adjusted returns in Asian fixed-income markets by capitalising on opportunities in interest rate, credit and currency dynamics. They utilise a top-down approach to identify attractive market segments, complemented by bottom-up research to select specific bonds.
The fund is diversified across issuers, industries and duration bands, with greater diversification for lower-quality bonds. Sector-wise, the fund allocated more to corporate bonds versus government-related bonds as of 31 March 2026.
The fund’s benchmark is 70% JP Morgan Asia Credit Investment Grade Index (SGD Hedged) and 30% JP Morgan Emerging Local Market Plus Asia (SGD). It is benchmark aware and only invests in issuers rated and approved by the Manulife Asia Credit Committee.
As of 31 March 2026, the fund had a duration of 4.34 years and an average credit quality of BBB+, with 151 bond issues in its portfolio.
Despite an uncertain macro backdrop, selective Asia bond opportunities continue to prevail, with fundamentals anchored by solid growth and domestic policy support in China, India, and Malaysia.
Fund Investment Style


Source: Bloomberg Finance L.P., iFAST
Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
|
Recommended fund |
3-year Annualised return |
3-year Maximum drawdown |
3-year Downside deviation |
3-year Risk-return ratio |
|
2.7% |
-9.9% |
2.0% |
0.12 |
|
|
Peer Average |
2.6% |
-19.3% |
2.9% |
0.11 |
Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2026
About the Fund Managers
The fund is managed by the Pan-Asian Bond team. Its lead portfolio manager is Endre Pedersen, who is supported by portfolio managers Murray Collis, Chris Lam, and Eric Lo. These four key members have an average of 23 years of industry experience. Meanwhile, the Asian Fixed Income team has over 20 credit analysts on the ground across multiple Asian investment offices.
The fund seeks returns through allocation between interest rate strategies, credit positioning and active currency management. The team believes that by seeking interest rate, credit, and currency opportunities within a risk-controlled investment approach, consistently attractive risk-adjusted returns can be generated in Asian Fixed Income markets. The team also believes their extensive on-the-ground Asian proprietary research gives it an informational advantage over its peers.

