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 Client Service Executive or call 1-626-844-9400
Commingled Vehicle Available

Performance as of December 31, 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$2.3 billion (as of December 31, 2017)
Benchmark: Markit iBoxx ALBI Bond Index (USD Unhedged)
Inception Date: 01 Jul 08

Sector Allocation as of December 31, 2017

Asia Local Currency | Sector Allocation as of December 31, 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 December 31, 2017

Asia Local Currency | Portfolio Characteristics as of December 31, 2017
IMPORTANT INFORMATION: All investments involve risk including loss of principal. Past performance is not indicative of future investment results. This information is only for use by professional clients, eligible counterparties or qualified investors. It is not aimed at, or for use by, retail clients.