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The Fund aims to achieve a higher level of income and capital appreciation through investing primarily in a diversified portfolio of higher yielding fixed income securities including investment grade, non-investment grade and unrated bonds that are p...
Provides benchmark-oriented exposure to the Asian high yield bond market, targeting attractive risk-adjusted returns within one of the fastest-growing credit regions. Offers a diverse array of growth opportunities across corporate, sovereign, quasi-sovereign, and convertible bonds. Primary focus is on USD-denominated high yield issues, providing a high-income potential relative to developed market credit.
Led by experienced portfolio managers Alex Choi, Alfred Mui and Ming Leap, who possess an average of over 20 years of investment experience. Supported by an institutional-grade platform of seasoned on-the-ground credit analysts specializing in Asian markets. The team has maintained a consistent investment approach and a solid track record in managing Asian high yield strategies since 2011.
Targets repeatable risk-adjusted returns through a full market cycle by leveraging a deep understanding of Asian credit cycles relative to benchmark (10% JP Morgan ACI Quasi Sovereign, 20% JP Morgan ACI Sovereign, 70% JP Morgan ACI Corporate Non Investment Grade). Focuses on delivering income streams while managing the volatility associated with the high yield asset class.
Employs a collaborative investment process that integrates top-down macroeconomic views with bottom-up fundamental credit research. Utilizes HSBC's global platform to inform macro positioning while relying on local analysts for rigorous security-level due diligence. Implements a risk-guided portfolio construction process aimed at capturing alpha from multiple sources, including sector rotation and individual credit selection.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
Serves as a satellite fixed income allocation for investors seeking enhanced yield and exposure to the growth dynamics of the Asian corporate sector. Investors should remain mindful of the specific geographic and credit risks inherent in Asian high yield markets and maintain a diversified approach across different regions and asset classes.
Daily data. Returns as of 17 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 1.0% | 1.1% | -3.9% | 2.1% | 0.9% | -0.1% | -0.2% | 0.8% | - | - | - | - |
| 2025 | 6.4% | -0.3% | 2.1% | -0.7% | -1.0% | 0.1% | 0.6% | 1.0% | 2.2% | 1.6% | 1.3% | -1.1% | 0.7% |
| 2024 | 7.9% | 0.1% | 1.0% | 1.6% | -1.2% | 2.7% | 1.3% | 1.6% | 0.6% | 2.0% | -0.6% | -0.6% | -0.8% |
| 2023 | -2.5% | 5.9% | -2.9% | -1.8% | -0.3% | -5.0% | 1.2% | -1.7% | -4.2% | -0.8% | -0.5% | 4.8% | 3.3% |
| 2022 | -23.0% | -4.6% | -4.6% | -3.6% | -1.8% | -2.9% | -7.8% | -3.4% | 1.3% | -5.9% | -6.3% | 10.3% | 4.9% |
| Load more | 5 of 16 | ||||||||||||
| Standard Chartered PLC 7% (2049-12-31 Maturity) | 3.35% |
| Malaysia Sovereign Sukuk Bhd 4.949% (2036-07-30 Maturity) | 2.81% |
| HSBC US Dollar Liquidity Y | 2.78% |
| CAS Capital No. 2 Ltd. 6.25% (2049-12-31 Maturity) | 2.54% |
| CS Treasury Management Services 9% (2049-12-31 Maturity) | 2.11% |
| Mongolian Mining Corp / Energy Resources LLC 8.44% | 2.06% |
| Sammaan Capital Ltd. 7.5% (2030-10-16 Maturity) | 2.04% |
| Vedanta Resources Finance II PLC 7.75% (2037-07-13 Maturity) | 1.96% |
| Muangthai Capital Public Co Ltd. 7.55% | 1.89% |
| Vedanta Resources Finance II PLC 7.375% (2034-07-13 Maturity) | 1.83% |
| Australian Metcoal Financing Pty Ltd. 6.75% (2034-04-22 Maturity) | 1.79% |
| Japfa Pte Ltd. 7.95% (2031-05-12 Maturity) | 1.75% |
| Standard Chartered PLC 7.625% (2049-12-31 Maturity) | 1.68% |
| Primero Agila Ltd. 7.75% (2031-07-16 Maturity) | 1.61% |
| Axis Bank Ltd. 6.875% (2049-12-31 Maturity) | 1.59% |
Warning statements
Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.
Generic risk warnings relating to collective investment schemes
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