Relevance of strategy
This fund provides an active approach to invest in the broad Asian USD investment grade bond market across both sovereign and corporate issues.
Fidelity International Ltd (FIL) is the international business arm of Fidelity Investments, a privately owned US-origin asset manager founded in 1946 and is one of the largest globally with over US$16tn of AUM across a wide range of services and products. FIL on its own manages over US$1tn of assets with long-only mutual funds being the core business.
The Fidelity Asian Bond Fund is an actively managed bond strategy that aims to achieve capital growth over time and provide income, by investing primarily in Asian USD investment grade sovereign and corporate bonds, with no maturity constraints. The fund can invest in hybrids and contingent convertible bonds (max 30%) and distressed securities (max 10%) though typically has minimal actual exposures in these. The fund uses in-house research and investment capabilities to identify suitable opportunities across issuers, sectors, geographies and security types. This may include an assessment of bond issuers’ creditworthiness, macroeconomic factors, and valuations. The fund has a portfolio of >400 holdings.