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Asian Fixed Income, Ready for the Next Level Celebrating 15 Years of History, 15 Years of Growth

Today we are celebrating the 15th anniversary of ABF Pan Asia Bond Index Fund (PAIF), the region's first and largest Asian fixed income ETF1. Launched in 2005, 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 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 more than 3.5-fold to US$3.6 billion2.

8. PAIF has been generating positive returns since its inception, delivering an annualized return of 4.31%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 2.59% 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 more than 350 local currency bonds in one single trade2.

12. With relatively low expense ratio of 0.19%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


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