Asset Management Awards for Excellence 2024 – Best New Fund – Bond

Best New Fund Bond

 

Capital Group

Best New Fund – Bond

Haran Karunakaran

fixed income investment director

“We are honoured that Capital Group Global Corporate Bond Fund (LUX) has been named the best new bond fund at the 2024 Asian Private Banker Asset Management Awards for Excellence.

The award is a testament to the investment credentials of the fund and the strength of our growing fixed income business. We look forward to continuing our close collaboration with distribution partners in the region to deliver investment excellence for private bank clients.”

Winnersrationale

“Despite only being onboarded to private banks in Asia Pacific for the first time in mid-2023, Capital Group’s Global Corporate Bond Fund has already enjoyed strong net inflows from the region’s private wealth channel,” said Daniel Shane, editor of Asian Private Banker.

“This is all the more commendable given the backdrop of high cash rates has led private bank clients in the region to sit on the sidelines. But it pays a huge testament to Capital Group’s approach with the fund’s conservative strategy – allocating only to investment grade quality issuances, avoiding high-yield exposure, moderate duration and hedging back to US dollars – all clearly resonating with clients amid a risk-off environment.

“For these reasons, Asian Private Banker is delighted to award Capital Group the prize of Best New Fund – Bond at the Asset Management Awards for Excellence 2024.”


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