BEA Union Investment Asian Bond and Currency Fund ("ABC")

Invest in Asian Bonds Dynamically, Cross Boundaries and Grasp Opportunities

Invest in Different Markets to Seek Alpha

Catch opportunities through active management


Flexible Investment Strategy, Adjust the Portfolio when Opportunities Come

Annualized return of 7.5% since inception in 2008I


Stable Dividend Record

Annualized dividend yield at around 5.9% on average over the past 5 yearsII



The fund invests in Asian bonds flexibly and adjusts the ratio of high yield bonds and investment grade bonds in the portfolio according to market conditions, aiming to seek regular interest income, capital growth and currency appreciation.

Comparison of JACI High Yield and Investment Grade Bond Index and the Yield Rate of U.S. 10-Year Treasury Bond


The market expects that the U.S. Federal Reserve will raise interest rates earlier, and high yield bonds are less sensitive to changes in yield rate and outperform investment grade bonds.


The market expects that the U.S. Federal Reserve will raise interest rates earlier, and high yield bonds are less sensitive to changes in yield rate and outperform investment grade bonds.

The Return of Asian High Yield Bonds is Higher than those in Europe and the U.S.


Asian high yield bonds are characterized by their short duration, lower interest rate risk and higher effective yield, offering more attractive return than similar asset classes in Europe and the U.S.


Asian high yield bonds are characterized by their short duration, lower interest rate risk and higher effective yield, offering more attractive return than similar asset classes in Europe and the U.S.


BEA Union Investment Asian Bond and Currency Fund (ABC)






Unconstrained investment strategy


Aims to provide monthly dividends (Dividends are not guaranteed, and distributions may be paid out of income and/or capital) see important note #

Active trading and continuous risk monitoring


Award-winning team


The fund allows unconstrained investment ratio and flexible allocation among high yield, investment grade, government and corporate bonds.
Annualized dividend rate of USD, HKD and RMB (hedged) classes are 6.0%, 6.0% and 8.3% respectively III.
Active trading and necessary adjustments in the portfolio help the fund achieve excellent performance. The fund diversifies the investment in various bonds, effectively managing risks.
The fund and its fixed income management team have won 114 performance awards since 2012 IV.

Our Team Actively Manages the Fund, Aims at Opportunities, and Flexibly Invests in Bonds in Different Regions or Industries to Seek Alpha.


The fund aims at opportunities, and flexibly invests in bonds in different regions or industries to seek alpha.

Our Team is Bullish on the China, India and Indonesia Markets, Especially the Sectors with Growth Potential.


China India
Indonesia

Mainland property bonds are backed

  • With the implementation of the “Three-red-line” policy, a number of Chinese property developers started to reduce its debt while sales figures continue to be promising.
  • In the first four months of the year, China’s commercial housing sales reached RMB5.36 trillion, an increase of 68.2% year-on-year.

  • The attractive valuation of property developers supports the performance of related bonds.

Commodity bonds are sought after

  • Indian commodity producers reported strong sales figures for the third quarter of the fiscal year of 2021. The revenue growth was strong.
  • Commodity prices rose. After economic activities resume, the demand for steel will be supported so as to raise the profitability of the Indian steel companies.
  • The renewable energy sector is also sought after by domestic and foreign investors.

The economy is expected to grow again

  • The local vaccination rate is the third highest in Asia, and the economy is expected to grow again in the coming quarter.
  • We are bullish on India’s tourism and financial industry, including the airport industry. The credit rating of most corporates in the industry is BB or above, with suitable length of duration.

We are bullish on the property and energy sectors

  • Starting from 1 March 2021, the central bank of Indonesia has relaxed mortgage lending to improve the cash level of property developers.
  • A majority of property developers recorded good sales result in 2020 and the first quarter in 2021 despite being affected by the lockdown measures.
  • The production cost of coal is relatively low. It is also expected that the market demand for energy will increase after the economy recovers.
  • The rebound of coal price will support the profitability of related industries in 2021.


Stable Dividend Record


Annualized dividend yield at around 5.9% on average over the past 5 years II

(Aims to provide monthly dividends, dividends are not guaranteed, and distributions may be paid out of income and/or capital) see important note #
BEA Union Investment Asian Bond and Currency Fund has a stable dividend history