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“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.”