Generali Investments launches Asia bond fund

Generali Investments has added to its funds range by launching the GIS Asian Bond fund, which will invest primarily in Asian government and corporate debt securities.

The fund will be managed out of Hong Kong, by Generali Investments Asia (GI Asia). The fund manager is Hong Xie, head of fixed income at GI Asia. She joined Generali in 2011 from China Investment Corporation, where she was a fixed income portfolio manager and trader, and interest rates trader.

The fund will aim to tap the region’s solid fundamentals – such as low levels of public debt relative to GDP – attractive growth perspectives and investment flows from abroad fuelled by the significant increase in liquidity stocks in the more advanced economies, Generali said.

The fund’s investment universe, Generali said, reported an annualised performance of +10.87% over the last three years, outperforming the proxy indexes of the US and European bond markets, which grew by 2.13% and 4.89% respectively.

The investment universe of GIS Asian Bond consists of government and corporate bonds, denominated in the local currencies of eight countries: South Korea, Singapore, Indonesia, Malaysia, the Philippines, Thailand, China (offshore) and Hong Kong. Following a long-term oriented investment strategy, the fund aims at generating a 1% extra-return versus the investment universe.

Carlo Cavazzoni, head of global distribution at Generali Investments, said: “Thanks to the GIS Asian Bond fund, we are able to offer our clients the opportunity to invest in a high-growth and attractive region, with adequate risk levels. The fund combines our strength in fixed income and our specific knowledge of the region arising from our significant presence in Asia.”

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