Mirae Asset Global Investments (HK) launched the Mirae Asset Asia bond fund, which aims to capture the most attractive opportunities within the Asian corporate bond space. Benchmarked against the JP Morgan Asia credit index and focusing primarily on short to medium duration investment grade credit, the fund will also gain exposure to government, supranational and high-yield names.
The fund will be managed by Jin Ha Kim, head of global fixed income investments at Mirae Asset, who has over 16 years of fixed income investment experience in Asia. He will be supported by a team of 27 investment professionals in 5 countries, including on-the-ground credit analysts and macro strategists based in Korea, Hong Kong, India, Taiwan and the United States. Portfolio construction will be driven by a blend of rigorous macro and fundamental analysis, leveraging upon the deep experience of the Mirae Asset in managing global, emerging markets and Asian fixed income portfolios.
Jung Ho Rhee, president and CEO of Mirae Asset Global Investments (HK) said: “We are delighted to expand the fixed income offering within our Ucits range and demonstrate our ongoing commitment to offer leading Asia and emerging markets-focused investment solutions to our clients.”
Jin Ha Kim said: “We see significant opportunities for growth in Asian bonds due to a favourable macroeconomic outlook, as well as attractive yields, improving financial discipline of credit issuers and lower volatility compared to bonds of other emerging markets. The Mirae Asset Asia bond fund will bring together our extensive network of talented credit analysts and macro strategists, who will work collaboratively to identify the best investment opportunities across the region.”
The Mirae Asset Asia bond fund is a sub-fund of the Mirae Asset global discovery fund, which is a Luxembourg-domiciled Ucits.