Mirae Asset Global Investments has added an emerging markets fund to its fixed income range with the launch of the Asia Bond fund.
Mirae said current valuations of Asian bonds were "compelling" versus developed markets while macroeconomic fundamentals in the region were strengthening.
The fund will be managed by Jin Ha Kim, head of global fixed income at Mirae Asset, who will be supported by 27 investment professionals.
It will be benchmarked against the J.P.Morgan Asia Credit index and focus on short to medium duration investment grade credit, and also have exposure to government, supranational and high-yield bonds.
Jung Ho Rhee, chief executive of Mirae Asset, said: "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."
Manager Kim said: "We see significant opportunities for growth in Asian bonds due to a favorable macroeconomic outlook, as well as attractive yields, improving financial discipline of credit issuers and lower volatility compared to bonds of other emerging markets.
"The Mirae Asset Asia Bond fund will bring together our extensive network of talented credit analysts and macro strategists, who will work collaboratively to identify the best investment opportunities across the region."
The Asia Bond fund is a sub-fund of the Luxembourg-domiciled Mirae Asset Global Discovery fund.