Japanese property yields: is the only way up?
The unwinding of Japan’s ultra-low interest-rate policy has raised some questions about the impact on real estate. But rental growth may play a bigger role in driving Japanese property yields.
Emerging Markets Bond Fund
Important information.
Important information
- The Fund invests in fixed interest securities issued by corporations and/or government related bodies in emerging markets.
- The Fund is therefore exposed to risks related to debt and debt-related securities, Sovereign debt, investing in sub-investment grade bonds, counterparty, emerging markets and exchange rates.
Why invest in Emerging Markets (EM) bonds?
A large and diversified (US $3.5 trillion [1]) asset class
A large universe with low correlation to other asset classes. EM bonds provide investors with a suitable portfolio diversifier.
EM accounts for 60% of global GDP[2]
Emerging Markets growth (4.2%) is forecasted to be more than double of Developed Markets (1.4%) growth in 2024.[3]
Attractive valuation, compelling EM bonds yield of 8.5% [6]
EM bonds yields are at 10-year highs and significantly above their 20-year average while global bonds yield is only 3.9% [4,7].
Attractive income profile of average distribution yield 5.75% [8]
Providing investors with a steady distribution and scope for meaningful capital gains.
Outstanding total performance
Top quartile performance since inception, year-to date, on a 1-month, 3-month, 6-month, and 1-year [9].
Dynamic asset allocation
Can invest outside of the benchmark in local currency and corporate debt
Fund information
Key documents
[1] Source: J.P. Morgan, November 2023.
[2] Source: The International Monetary Fund (IMF), World Economic Outlook, October 2023.
[3] Source: IMF, 30 June 2023. Forecasts are not a reliable indicator of future results and there can be no guarantee that these will be achieved.
[4,5] Source: abrdn, 30 November 2023.
[6] Source: JPM EMBI Global Diversified Index, 30 November 2023.
[7] Source: JPM Global Bond Index, 30 November 2023.
[8] Source: abrdn, 31 December 2023. Distribution yield is annualised per month over the last 12 months. Based on Class A MInc USD. Aim at monthly distribution. Dividend rate is not guaranteed. Dividend may be paid out of capital. Please refer to Important Information 4. A positive yield does not imply a positive return of the Fund.
[9] Source: Lipper, Morningstar, 30 November 2023. A MInc USD class.
[2] Source: The International Monetary Fund (IMF), World Economic Outlook, October 2023.
[3] Source: IMF, 30 June 2023. Forecasts are not a reliable indicator of future results and there can be no guarantee that these will be achieved.
[4,5] Source: abrdn, 30 November 2023.
[6] Source: JPM EMBI Global Diversified Index, 30 November 2023.
[7] Source: JPM Global Bond Index, 30 November 2023.
[8] Source: abrdn, 31 December 2023. Distribution yield is annualised per month over the last 12 months. Based on Class A MInc USD. Aim at monthly distribution. Dividend rate is not guaranteed. Dividend may be paid out of capital. Please refer to Important Information 4. A positive yield does not imply a positive return of the Fund.
[9] Source: Lipper, Morningstar, 30 November 2023. A MInc USD class.