Fullerton shuts global bond fund in Asia
The Temasek subsidiary says the move is a natural part of portfolio review, but the closure underlines how hard it is to raise assets for global strategies run out of Asia.
Temasek subsidiary Fullerton Fund Management moved yesterday to close its global bond fund managed out of Asia, AsianInvestor can confirm. Investors in the fund will be redeemed.
The strategy had amassed just S$15.5 million ($12.3 million) as at the end of April this year, having been incepted in November 2009. Its withdrawal appears to reinforce how hard it can be for houses (particularly Asian) to manage global funds out of this time zone.
“Arguably you can manage global bonds…
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