Manulife Asia Pacific Investment Grade Bond A MDis SGD

The investment objective of Manulife Asia Pacific Investment Grade Bond Fund is to maximize total returns from a combination of capital appreciation and income generation through investing primarily in a diversified portfolio of investment grade debt securities issued by governments, agencies, supra-nationals and corporate issuers in the Asia Pacific region.

iFAST Research Team
iFAST Research Team09 Sep 2026 487 Views
Manulife Asia Pacific Investment Grade Bond A MDis SGD
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

Manulife Asia Pacific Investment Grade Bond A MDis SGD

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.

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