Threadneedle Investments launches a new Asian bond fund in Singapore.

Threadneedle Investments, the global asset management firm that is headquartered in the UK, has launched a new fund product in Singapore that will be created and managed in Asia.

The Threadneedle (Lux) Flexible Asian Bond Fund reinforces the company's commitment to building its local investment and manufacturing capabilities for Asian investors, it said in a statement. Headed by Clifford Lau, head of fixed income for Asia-Pacific, it will have a team of five who have an average of over 11 years' local industry experience.

The fund will invest across the broad Asian fixed income markets, including both hard and local currency sovereign debt, high grade and high yield corporate bonds and global Sukuk bonds. It is recognised under the Securities and Futures Act (Chapter 289) of Singapore. 

"The Asian credit market remains fundamentally resilient. Within Asian hard currency bonds, we see declining volatility and spread valuations are still attractive compared to other global hard currency bonds. Global Sukuk has also shown relatively strong performance with lesser volatility compared to other asset classes," said Lau. 

The fund will benefit from close interaction with Threadneedle's full fixed income team as well as the broader Threadneedle investment team