A look at the performance of both funds:
| Fullerton Fund | ChinaAMC Fund | |
| Total return YTD | 0.99 | 5.61 |
| Total return 1-year | -0.49 | 4.79 |
Source: Morningstar
BSI Bank refers to performance figures provided by Morningstar. The bank takes into account performance on a total return basis, net of fees.
The bank uses the ratings provided by Standard & Poor’s, Moody’s and Fitch to assess the quality of counterparties and the ratings provided by Standard & Poor’s and Moody’s for debt securities.
Based on that, BSI gives the Fullerton fund an A rating and the ChinaAMC fund an AA+ rating.
Manager review
Lim said that the Fullerton fund uses a team-based approach. A disclosure from Fullerton states that Manraj Sekhon is supported by Patrick Yeo, who has 20 years of investment experience.
Prior to joining Fullerton in 2011, Sekhon was a head of international equities at Henderson Global Investors. Sekhon has 20 years of investment experience. He started his career at Mercury Asset Management and also worked with Invesco Asset Management before joining Henderson in 2003.
Yeo is head of the fixed income team. His experience is primarily in the areas of fixed income, currency management and interest rate trading. In his current role, he is responsible for the overall management of all fixed income portfolios that include Asian hard currency bonds, Asian local currency bonds, and short- and medium-term Singapore dollar bonds.
Prior to joining the firm, Yeo was a co-founder of a fund management company in Singapore for the Usaha Tegas Group in Malaysia, where he managed global bonds and global equities.
He previously held positions at OCBC Asset Management, Rothschild Asset Management, HSBC and the Government of Singapore Investment Corporation.
In the case of the ChinaAMC fund, Lim noted that Zhu has been managing the fund since 2013. He serves as portfolio manager for several other China onshore bond funds in ChinaAMC.
Aside from information provided by Lim, there is no other public disclosure on ChinaAMC’s Select RMB Bond Fund’s portfolio manager and analysts.
