Asia Local Currency

Investment Objective

Exceed the benchmark return by 100 to 150 basis points annually over the course of a market cycle while approximating benchmark risk.

Investment Style

Construct a diversified portfolio of Asian government bonds in their local currencies with a controlled exposure to non-government issuers. Value is added through country allocation/duration, currency, duration, yield curve positioning, sector allocation and sub-sector and issue selection. Portfolio risk is controlled through broad diversification across strategies, active risk budgeting and scenario analysis.

Investment Vehicles

Separate Account: Contact your CSE or call 1-626-844-9400
Commingled Vehicle Available

Performance as of September 30, 2017

Returns for periods greater than one year are annualized. Please see the Performance Disclosure for more information.


Strategy AUM: Total Asia Local Currency Assets:
US$2.2 billion (as of June 30, 2017)
Benchmark: Markit iBoxx ALBI Bond Index (USD Unhedged)
Inception Date: 01 Jul 08

Sector Allocation as of June 30, 2017

Asia Local Currency | Sector Allocation as of June 30, 2017
Note: Sector allocation includes look-through to any underlying commingled vehicles if held. All weightings are a percentage of total market value. A negative cash position may be reported, which is primarily due to the portfolio's unsettled trade activity. Data may not sum to 100% due to rounding.

Portfolio Characteristics as of June 30, 2017

Asia Local Currency | Portfolio Characteristics as of June 30, 2017
Past performance is not indicative of future investment results, the value of any investment can fall as well as rise.