DEVELOPING A REGIONAL BOND
MAS worked with fellow central bankers of the Executives'
Meeting of East Asia - Pacific Central Banks (EMEAP)
on the successful launch of Asian Bond Fund 2 (ABF2).
ABF2, comprising a Singapore-domiciled Pan-Asian Bond
Index Fund (PAIF) and eight country sub-funds, marks
a further chapter in the development of Asia's local
currency bond markets. The PAIF will be initially listed
in the Hong Kong Stock Exchange and domiciled in Singapore.
This is testament to the successful growth and development
of Singapore as a fund management centre in Asia.
Together with ABF1, ABF2 will draw greater investor
awareness, including from outside Asia, to the investment
opportunities in Asian bonds. They will also deepen
the pool of Asian debt market expertise here. Such regional
initiatives complement our bond market development efforts
and add to the significant strides made in the growth
of our domestic bond market and fixed income fund management