Aberdeen Partners CCB International To Launch Belt and Road Fund
(04 November 2020 – Asia) Scottish asset manager Aberdeen Standard Investments (ASI) has inked a strategic partnership with China Construction Bank International Asset Management (CCBIAM) to collaborate on product innovation and investment research.
The two asset managers have launched a new bond fund focusing on Belt and Road opportunities. At least 80% of the fund will be invested in US dollar-denominated emerging market debt, including frontier market bonds, with significant exposure to Asian and China credit.
The fund will be managed by ASI’s Asian fixed income team, with support from the firm’s general emerging market debt team, while CCBIAM will act as an investment adviser and provide Belt and Road, and China bond recommendations to help ASI’s decision making process.
"Asian and China credit are offering appealing risk-adjusted returns, valuations look relatively attractive and investors are being paid for the risk they take," said ASI head of fixed income for Asia and Australia Adam McCabe.
“The investment universe of Belt and Road related countries and sectors is US$3.8 trillion across sovereign and corporate bonds, presenting ample opportunities for investors seeking to diversify from low-yielding developed market bonds,” he added.
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