Top investment houses in Asian local currency bonds for 2023

Asset Benchmark Research

Top Investment Houses in Asian Local Currency Bonds for 2023

Asset Managers

China

Rank	Firm
Highly commended	Bosera Funds
	GF Fund Management
	ICBC Wealth Management
	Ping An Asset Management
	Penghua Fund Management
	Taikang Asset Management

Hong Kong

Rank	Firm
1	Manulife Investment Management
2	HSBC Global Asset Management (Hong Kong)
3	First Sentier Investors
4	Gavekal Capital
Highly commended	BOCI-Prudential Asset Management
	BOCHK Asset Management
	Hang Seng Investment Management

India

Rank	Firm
1	SBI Mutual Fund
2	Axis Mutual Fund
3	Nippon India Mutual Fund
4	ICICI Prudential Asset Management
5	Kotak Mutual Fund
Highly commended	DSP Mutual Fund
	UTI Mutual Fund

Indonesia

Rank	Firm
1	Manulife Investment Management
2	Batavia Prosperindo Asset Management
3	Danareksa Investment Management
4	Ashmore Asset Management
5	BNP Paribas Asset Management
Highly commended	Bahana TCW Investment Management
	Schroders
	Sucorinvest Asset Management
	Syailendra Capital
	PT Trimegah Asset Management

Malaysia

Rank	Firm
1	AHAM Asset Management
2	AmFunds Management
3	RHB Asset Management
4	Public Mutual
Highly commended	AIIMAN Asset Management
	Eastspring
	Opus Asset Management

Philippines

Rank	Firm
1	BPI Asset Management Trust
Highly commended	Amalgamated Investment Bancorporation
	Manulife Investment Management
	Sun Life Financial

Singapore

Rank	Firm
1	Nikko Asset Management
2	Eastspring
=	Principal Global Investors
4	Fullerton Fund Management
5	Allianz Global Investors
=	Schroders
Highly commended	Blackrock
	Dymon Asia Capital
	First Sentier Investors
	Lion Global Investors

Thailand

Rank	Firm
1	Kasikorn Asset Management
2	SCB Asset Management
Highly commended	Eastspring Asset Management

Banks

Philippines

Rank	Firm
1	Metrobank
Highly commended	Rizal Commercial Banking Corporation

Taiwan

Rank	Firm
1	Agricultural Bank of Taiwan
2	Yuanta Bank
3	Taiwan Cooperative Bank

Insurance Firms

India

Rank	Firm
1	HDFC Life Insurance
2	SBI Life Insurance
3	ICICI Prudential Life Insurance
4	Bajaj Allianz Life Insurance
5	Tata AIA Life Insurance
Highly commended	Aditya Birla Sun Life Insurance
	Max Life Insurance

Malaysia

Rank	Firm
1	Etiqa Insurance & Takaful
2	AIA
3	Great Eastern Life
4	Hong Leong Assurance

Singapore

Rank	Firm
1	AIA

Thailand

Rank	Firm
1	AIA
2	Thai Life Insurance

Private Banks and Trusts

Philippines

Rank	Firm
1	BDO Unibank
2	Security Bank
3	ATRAM Trust Corporation
Highly commended	AB Capital Trust

Securities Firms

China

Rank	Firm
Highly commended	CITIC Securities

Taiwan

Rank	Firm
Highly commended	Masterlink Securities

Sovereign Wealth / Pension Funds

India

Rank	Firm
Highly commended	HDFC NPS

Indonesia

Rank	Firm
Highly commended	BPJS Ketenagakerjaan

Malaysia

Rank	Firm
1	Kumpulan Wang Persaraan (Diperbadankan)
2	Employees Provident Fund
3	Permodalan Nasional Berhad

Thailand

Rank	Firm
Highly commended	Government Pension Fund

Methodology

The ranking for the top 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.

290 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 2023 ranking.