HEAD-TO-HEAD: Allianz vs Fidelity

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The Allianz fund has been managed by Mark Tay since its inception. Tay is also the firm’s Singapore-based head of fixed income, a role he assumed in 2012 when he joined the firm. He has 21 years of experience and was previously in charge of fixed income investments at HSBC Private Bank’s discretionary portfolio management team. Before that, he was a senior portfolio manager at AXA Investment Managers.

Allianz’ Asia fixed income team was built in 2012, according to Ng. It now has eight portfolio managers focusing on different areas, with some of them primarily focused in China and Taiwan. They are supported by four credit analysts.

The Fidelity fund has been managed by Bryan Collins since 2009. Collins first joined the firm’s Hong Kong office in 2006 and was previously a dedicated Asian high yield trader before being promoted to assistant portfolio manager for the Asia High Yield fund. He also manages Fidelity’s Asian Bond Fund and the China RMB Bond Fund.

The firm started building its Asian fixed income team in 2002, and now has four portfolio managers looking at Asia fixed income as a whole, Ng said. They are supported by 10 credit analysts and three traders.

Ng has no concerns with the management of both funds, though he said he wanted to see how the Allianz Asia fixed income team would perform in the future as they have a shorter track record than the Fidelity Asia fixed income team.

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