The firm believes Asia displays high growth potential and resilience to external risk, which is why it has launched a new fund in the region.

Mirae Asset Global Investments Hong Kong has launched Mirae Asset Asia Bond Fund, which aims to capture the most attractive opportunities within the Asian corporate bond sector.

The fund, which will be managed by head of global fixed income investments Jin Ha Kim, will be benchmarked against the JP Morgan Asia Credit Index. It will focus primarily on short to medium duration investment grade credit, the firm said yesterday in a statement.

Mirae also hopes the fun will gain exposure to government, supranational and high-yield names. The team supporting Kim will be made up of 27 investment professionals in five countries including on-the-ground credit analysts and macro strategists based in Korea, Hong Kong, India, Taiwan and the US.

The portfolio construction will be driven by a blend of macro and fundamental analysis. Mirae believes Asia continues to display high growth potential and resilience to external risk and therefore feels it is appropriate to set up this new fund in the region.

“We are delighted to expand the fixed income offering within our UCITS range and demonstrate our ongoing commitment to offer leading Asia and emerging markets-focused investment solutions to our clients,” said Jung Ho Rhee, president and chief executive.

The Mirae Asset Asia Bond Fund is a sub-fund of the Mirae Asset Global Discovery Fund, which is a Luxembourg-domiciled UCITS.