• ABF Pan Asia Bond Index Fund ("PAIF") is an exchange traded bond fund which seeks to provide investment returns that corresponds closely to the total return of the Markit iBoxx ABF Pan-Asia Index ("Index"), before fees and expenses, and its return may deviate from that of the Index.
  • PAIF primarily invests in local currency government and quasi-government bonds in eight Asian markets, comprising of China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand.
  • Investment involves risks, including risks of exposure to bonds in both developed and emerging Asia markets. Investors may lose part or all of their investments.
  • PAIF is not "actively managed" and will not try to "beat" the market it tracks.
  • The Executives' Meeting of East Asia and Pacific Central Banks group (the "EMEAP") member central banks and monetary authorities are like any other investors in PAIF and each of them may dispose of their respective interest in the Units they hold. There are no guarantees that the EMEAP member central banks and monetary authorities will continue to be investors in PAIF.
  • The trading price of PAIF may differ from the underlying net asset value per share.
  • PAIF may not be suitable for all investors. Investors should not invest based on this marketing material only. Investors should read the PAIF's prospectus, including the risk factors, take into consideration of the product features, their own investment objectives, risk tolerance level etc and seek independent financial and professional advices as appropriate prior to making any investment.

About Us

The Region’s First and Largest Asian Fixed Income ETF1

Launched in 2005, the ABF Pan Asia Bond Index Fund (PAIF) pioneered the Asian fixed income ETF industry. It provides an innovative, easy-to-access and cost-efficient solution to invest in a diversified portfolio of Asian local currency government and quasi-government bonds in one single trade.

PAIF 15 Years

15 Facts About PAIF

1. PAIF is the first Asian local currency bond ETF.

2. In 2005, PAIF was launched as part of an important initiative by Asia Pacific's 11 leading central banks and monetary authorities to strengthen the region's bond markets.

3. PAIF is benchmarked to the Markit iBoxx ABF Pan-Asia Index.

4. PAIF invests in the sovereign and quasi-sovereign local currency bonds of eight major Asian economies, including China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore and Thailand.

5. Domiciled in Singapore, PAIF was listed in Hong Kong in 2005 (SEHK stock code: 2821) and cross-listed in Japan in 2009 (TSE stock code: 1349).

6. PAIF is currently the largest fixed income ETF in Asia Pacific1.

7. Since launching, PAIF's assets under management has grown steadily to reach US$3.7 billion2.

8. PAIF has been generating positive returns since its inception, delivering an annualized return of 4.20%3

9. PAIF has delivered positive returns in 12 out of the past 15 calendar years4.

10. PAIF provides investors with a potential stream of income, with the current yield at 2.21% per annum5 (Dividend amount or dividend rate is not guaranteed).

11. Offering easy and low-cost access to Asia's local bond markets, PAIF allows investors to diversify their portfolios with around 400 local currency bonds in one single trade2.

12. With relatively low expense ratio of 0.18%6, investors can keep more of what they earn.

13. PAIF's portfolio has an average credit quality of A+2.

14. China's local bonds comprise around 25% of PAIF's exposure2, which allows the fund to benefit from the gradual opening up of China's bond market and the inclusion of Chinese bonds in global indices.

15. PAIF is a crucial part of the initiative to develop Asia's local bond markets. It started to participate in securities lending in June 2018 to deepen secondary market liquidity.

Why Invest in Asian Local Currency Bonds?

Favourable Risk-Return Profile

Potential for Additional Yield via Local Currency Appreciation

A 'Back to Basics' Diversified Portfolio Construction Strategy