Asset Benchmark Research: Top Investment Houses in Asian Local Currency Bonds for 2022
Asset Benchmark Research
Top Investment Houses in Asian Local Currency Bonds for 2022

Asset Managers

Rank Firm
Highly commended GF Fund Management
Penghua Fund Management
Ping An Asset Management
Taikang Asset Management
Rank Firm
1 Manulife Investment Management
2 HSBC Global Asset Management (Hong Kong)
3 Gavekal Capital
4 BOCI-Prudential Asset Management
5 Allianz Global Investors
Highly commended First Sentier Investors
Hang Seng Investment Management
T. Rowe Price
Rank Firm
1 Kotak Mutual Fund
2 SBI Mutual Fund
3 Axis Mutual Fund
4 Nippon India Mutual Fund
5 UTI Mutual Fund
Highly commended DSP Mutual Fund
HDFC Asset Management
Reliance Industries
Rank Firm
1 Batavia Prosperindo Asset Management
2 Manulife Asset Management
3 BNP Paribas Asset Management
4 PT Danareksa Investment Management
5 Ashmore Asset Management
Highly commended Bahana TCW Investment Management
Eastspring Investments
PT Mandiri Manajemen Investasi
Rank Firm
1 AmFunds Management Berhad
2 Affin Hwang Asset Management
3 Public Mutual
4 RHB Asset Management
5 Manulife Asset Management
Highly commended Abbas Investment Management Sdn Bhd
AIIMAN Asset Management
Eastspring Investments
Franklin Templeton
Kenanga Investors
Maybank Asset Management
MIDF Amanah Asset Management
Opus Asset Management
Principal Asset Management
Rank Firm
1 BPI Asset Management and Trust Corporation
2 ATR Asset Management
3 Manulife Asset Management
Rank Firm
1 Principal Global Investors (Singapore)
2 Schroders
3 Modular Asset Management
4 abrdn
5 Nikko Asset Management
Highly commended Allianz Global Investors
Dymon Asia
Eastspring Investments
Fullerton Fund Management
Lion Global Investors
Millennium Investment Partners
Western Asset Management
Rank Firm
1 Kasikorn Asset Management
2 SCB Asset Management
3 BBL Asset Management
Highly commended MFC Asset Management
TISCO Asset Management
TMBAM Eastspring
UOB Asset Management


Rank Firm
1 Agricultural Bank of Taiwan
2 Taipei Fubon Commercial Bank
3 Taiwan Cooperative Bank
Highly commended Bank SinoPac
Chang Hwa Bank
E.SUN Commercial Bank
Yuanta Commercial Bank

Insurance Firms

Rank Firm
1 HDFC Life
2 Tata AIA Life Insurance
3 ICICI Prudential Life Insurance
4 SBI Life Insurance
5 Bajaj Allianz Life Insurance
Highly commended Aditya Birla Sun Life Insurance
Bharti AXA Life Insurance
ICICI Lombard General Insurance
Kotak Life Insurance
Max Life Insurance
PNB MetLife Insurance
Rank Firm
1 Etiqa Insurance & Takaful
2 Great Eastern Life
4 Hong Leong Assurance
5 Zurich Insurance Berhad
Highly commended Malaysian Reinsurance Berhad
Rank Firm
2 Tokio Marine Life Insurance
3 Great Eastern Life
Rank Firm
1 Krungthai-AXA Life Insurance
2 Allianz Ayudhya
Highly commended Thai Life Insurance

Private Banks and Trusts

Rank Firm
1 BDO Unibank
2 UnionBank of the Philippines
3 Security Bank
Highly commended ATRAM Trust Corporation

Securities Firms

Rank Firm
Highly commended CITIC Securities

Sovereign Wealth / Pension Funds

Rank Firm
1 Kumpulan Wang Persaraan (Diperbadankan)
2 Permodalan Nasional Berhad
3 Lembaga Tabung Haji


The ranking for the top five investment houses in Asian local currency bonds is based on the number of votes, received from the top-rated analysts, economist and strategists, salespeople and traders, for investors in these institutions.
The score is also subject to a weighting methodology which is determined by the rating of the individual casting the vote for the investors.
More than 300 different institutions across the region including asset managers, banks, hedge funds, insurance companies, private banks, securities firms, and sovereign wealth / pension funds were evaluated to generate the 2022 ranking.

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