Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Aberdeen to Start Asian Short-Term Local-Currency Debt Fund

March 1 (Bloomberg) -- Aberdeen Asset Management Plc will launch a fund that will invest in local-currency short-duration Asian bonds, the company said in a release emailed to media today.

The fund, to be managed by the fixed-income team in Singapore, will focus mainly on sovereign bonds across as many as 10 countries in Asia, excluding Japan, the release said.

Anthony Michael, who manages $6.4 billion as head of Asia-Pacific fixed income at Aberdeen Asset in Singapore, will head the new fund.

“Asian currencies are undervalued and will appreciate over time,” he wrote in the release. “China is often singled out, but at any given moment other countries’ currencies may be appreciating faster.”

To contact Bloomberg News staff for this story: Fion Li in Hong Kong at fli59@bloomberg.net.

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.