ABF Pan Asia Bond Index Fund

Overview

ABF Pan Asia Bond Index Fund (PAIF) is a component of Asian Bond Fund 2 (ABF2), the second phase of the EMEAP (Executives' Meeting of East-Asia and Pacific Central Banks) Group's initiative to further develop the bond markets in Asia. The EMEAP Group comprises 11 central banks and monetary authorities in East Asia and Pacific region, namely, Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, and Thailand.

PAIF is domiciled in Singapore and is listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") in July 2005.

Benchmarked to the iBoxx ABF Pan-Asia Index, PAIF invests in domestic currency-denominated government and quasi-government bonds issued in eight EMEAP markets, namely, China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, and Thailand. The investment objective of PAIF is to provide investment results, before fees and expenses, that correspond closely to the total return of the underlying index. To achieve its objective, PAIF is passively managed. The manager of PAIF is State Street Global Advisors Singapore Limited, and the trustee is HSBC Institutional Trust Services (Singapore) Limited.

IMPORTANT NOTES:

Investment involves risks. The fund is not promoted, sponsored, recommended, issued or guaranteed by any member of the EMEAP member central banks and monetary authorities. The fund is not guaranteed or endorsed by the governments of the eight investment markets. Please refer to PAIF's prospectus for further information about the fund. The information on this website is for informational purposes only and is not intended as an offer for the sale of, nor a solicitation of as for the purchase or sale of, securities or investment services, nor an invitation to invest in PAIF.

Investors should be aware of that PAIF is different from a typical Unit Trust. Redemption of PAIF's units could only be executed in substantial size through designated dealers and the listing of PAIF on the Stock Exchange does not guarantee a liquid market for the units. PAIF's units are traded on the stock exchange at market price, which may be different from the net asset value per unit of the fund, and the fund may be delisted from the stock exchange. The semi-annual distributions are dependent on PAIF's performance and are not guaranteed.