Asset Benchmark Research
Top Investment Houses in Asian Local Currency Bonds for 2020
Asset Managers
China
2020 Position
Investment House
Outstanding
China Asset Management
China Southern Fund Management
Bosera Asset Management
Hong Kong
2020 Position
Investment House
1
HSBC Global Asset Management
2
Manulife Asset Management
3
BOCI Prudential
4
GaveKal Capital
5
T. Rowe Price
Highly commended
AllianceBernstein
Allianz Global Investors
BEA Union Investment Management
First State Investments
Hang Seng Investment Management
ICBC Asset Management (Global)
PIMCO
PineBridge Investments Asia
Principal Global Investors
Schroder Investment Management
India
2020 Position
Investment House
1
IDFC Asset Management
2
SBI Funds Management
3
Nippon India Mutual Fund
4
Aditya Birla Asset Management
=
ICICI Prudential Asset Management
Highly commended
Axis Mutual Fund
DSP Mutual Fund
HDFC Asset Management
L&T Investment Management
Indonesia
2020 Position
Investment House
1
Manulife Aset Manajemen Indonesia
2
Mandiri Manajemen Investasi
3
Batavia Prosperindo Aset Manajemen
4
Ashmore Asset Management
5
BNP Paribas Asset Management
Highly commended
Bahana TCW Investment Management
Danareksa Investment Management
Eastspring Investments
Schroder Investment Management
Trimegah Asset Management
Malaysia
2020 Position
Investment House
1
RHB Asset Management
2
AmInvest
3
Public Mutual
4
Principal Asset Management
5
Aiiman Asset Management
Highly commended
Affin Hwang Asset Management
Manulife Asset Management
Philippines
2020 Position
Investment House
1
BPI Asset Management and Trust Corporation
2
Manulife Asset Management
3
Sunlife Asset Management
Singapore
2020 Position
Investment House
1
Eastspring Investments
2
Western Asset Management
3
Allianz Global Investors
4
Fullerton Fund Management
5
Schroder Investment Management
Highly commended
Amundi Asset Management Singapore
Ashmore Investment Management
Lion Global Investors
Manulife Asset Management
Nikko Asset Management
PIMCO
UBS Asset Management
Thailand
2020 Position
Investment House
1
Kasikorn Asset Management
2
SCB Asset Management
3
Krungthai Asset Management
4
TMB Asset Management
5
TISCO Asset Management
Highly commended
Principal Asset Management
UK
2020 Position
Investment House
Outstanding
Amundi Asset Management
Banks
Taiwan
2020 Position
Investment House
1
Taipei Fubon Commercial Bank
2
Yuanta Commercial Bank
3
E.SUN Bank
4
Agricultural Bank of Taiwan
5
Taiwan Cooperative Bank
Highly commended
Bank SinoPac
Deutsche Bank
HSBC
Hua Nan Commercial Bank
O-Bank
Shin Kong Commercial Bank
Insurance
India
2020 Position
Investment House
1
HDFC Standard Life Insurance
2
Tata AIA Life Insurance
3
SBI Life Insurance
4
Canara HSBC OBC Life Insurance
5
ICICI Prudential Life Insurance
Highly commended
HDFC ERGO General Insurance
ICICI Lombard General Insurance
SBI Pension Funds
Indonesia
2020 Position
Investment House
Outstanding
AIA
Japan
2020 Position
Investment House
Outstanding
MetLife
Malaysia
2020 Position
Investment House
1
Etiqa Insurance & Takaful
2
Great Eastern Life Assurance
3
AIA
4
Hong Leong Assurance
Philippines
2020 Position
Investment House
Outstanding
Philam Life Insurance
Singapore
2020 Position
Investment House
Outstanding
Tokio Marine Life Insurance
AIA
Taiwan
2020 Position
Investment House
1
Transglobe Life Insurance
2
Mercuries Life Insurance
3
Nanshan Life Insurance
Thailand
2020 Position
Investment House
1
Thai Life Insurance
2
AIA
3
Krungthai-AXA Life Insurance
Private Bank and Trust Company
Philippines
2020 Position
Investment House
1
ATRAM Trust Corporation
2
BDO Unibank
3
Security Bank Trust
4
Metrobank Trust
5
Union Bank of the Philippines Trust
Singapore
2020 Position
Investment House
Outstanding
UOB Private bank
Securities Firms
Taiwan
2020 Position
Investment House
Outstanding
KGI Securities
Taiwan Cooperative Bills Finance
Sovereign Wealth Fund/ Pension Fund
Malaysia
2020 Position
Investment House
1
Kumpulan Wang Persaraan (KWAP)
2
Employees Provident Fund
3
Permodalan Nasional Berhad (PNB)
Sovereign Wealth Fund/ Pension Fund
Thailand
2020 Position
Investment House
Outstanding
Government Pension Fund
Social Security Office
UK
2020 Position
Investment House
Outstanding
Canada Pension Plan Investment Board
Methodology
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 funds / pension funds were evaluated to generate the 2020 ranking.
The awardees of top five investment houses in Asian local currency bonds for 2020 will be honoured at a gala dinner.