Swiss money manager GAM has unveiled an Asian fixed income strategy by adjusting its emerging markets (EM) corporate bond strategy to prioritise Asian bonds.

The move is said to be in response to the increasing opportunities in the Asian fixed income segment. According to the Swiss firm, the market increased four-folds to more than $1 trillion since 2011.

The investment approach of the Asian Income Bond strategy will be a blend of top-down macro analysis and bottom-up fundamental analysis.

The portfolio will feature 60 to 80 high conviction holdings in Asian fixed income.

The vehicle will be run by a four-member team, headed by Amy Kam. Other members include Dorthe Nielsen, Mark Pearce and Andrew Dewar.

Kam said: “Asian bonds now represent more than half of the global emerging market hard currency bond market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Private Banker International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This growth stems from stable forces, namely demographic growth in China and India, as well as increased economic diversification, greater government transparency and deepening capital markets in Asia.

“These developments have created a market that is deep, liquid and scalable, and which offers investors higher average yields than those available in North America and Europe.”

Last month, GAM announced that its group assets under management (AuM) fell slightly to CHF135.7bn at the end of 30 September 2019, from CHF136.1bn at the end of June 2019.

AuM at the group’s investment management unit totalled CHF51.1bn, dropping 2% from the June 2019 figure.

Recently, GAM also appointed former BlackRock executive Steve Rafferty as its new COO.