Relevance of strategy
This fund represents an active approach for exposure to the Asia Pacific high yield bond market segment of primarily corporate exposures and focusing on BB/B rated bonds only.
PineBridge Investments is a subsidiary of MetLife Investment Management (MIM) that is in turn the institutional business of the Metropolitan Life Insurance Company (MetLife), a leading global insurance, annuities and employee benefit programs provider. PineBridge offers active, high conviction investment solutions across equities, fixed income, multi-asset and alternatives. PineBridge and MIM in combination manages over US$700bn of assets.
The PineBridge Asian High Yield Total Return Bond Fund is an actively managed bond fund seeking to outperform the JP Morgan Asia Credit Index (JACI) Non-Investment Grade Total Return. The fund invests primarily in non-investment grade (BBs and Bs only) fixed and floating rate bonds issued by governments, supranational entities and corporates in the Asia Pacific region with no currency constraints. The fund combines a top-down macroeconomic view with bottom-up credit analysis and selection with a strong focus on a security’s relative value. The fund runs a highly concentrated portfolio of >80 holdings.