To achieve a balanced risk/return profile in Asian fixed income, retail and professional investors may consider PAIF.
PAIF is noted for its innovative strategies in diversifying its holdings by offering access to a full range of investment grade local currency government and quasi-government bonds from eight Asian economies.
PAIF is a crucial part of the initiative to develop Asia’s local bond markets. It started to participate in securities lending in July 2018 to open up the fund to the potential income while mitigating associated risks and to deepen secondary market liquidity.
As a first mover, PAIF was launched as an ETF by incorporating eight Asian local currency government and quasi-government bonds in its portfolio. Today PAIF offers investors a high level of diversification in a single trade.
PAIF has earned its reputation as a leader in Asian fixed income by enhancing its stability with innovation. It uses an original benchmark design that considers market capitalization, credit rating, and investability indicators.
With a 15+ year track record of well-established portfolio management, PAIF has become the largest fixed income ETF in the region.1
PAIF is designed to deliver a reliable yield despite a low-rate environment, providing easy, simple access to in-demand assets.
PAIF is able to enhance liquidity through reduced transaction fees and relatively low expense ratios.
The first regional Asian local currency bond ETF.² The largest fixed income ETF in the region. 1
PAIF’s portfolio has an average credit quality of A+. 3
With a 15+ year track record of well- established portfolio management.
1 Region includes Hong Kong, Japan, Korea, Mainland China, Singapore, and Taiwan. Source: Bloomberg Finance L.P., as of 30 June 2022.
2 Source: Morningstar, as of 31 July 2022
3 State Street Global Advisors, as of 31 March 2022.