Categories: Business

SCUBE Capital Tops Bloomberg’s Asia-Pacific Fixed Income Ranking

The Fixed Income Tactical Opportunities Fund (FITOF), a medium-term fixed-income fund denominated in USD and managed by SCUBE Capital based in Singapore, has been recognized as the top-performing USD fixed-income fund by Bloomberg. Surpassing global giants like Prudential, Nomura, Invesco, Eastspring, and Fullerton, FITOF excelled among funds with a focus on Asian countries such as China, India, Indonesia, and Vietnam.

As of January 30, 2024, FITOF achieved total returns of 13.78% over a one-year period, surpassing its China-focused counterpart by 109.9 basis points. SCUBE’s Medium Duration Opportunities Fund (MDOF), a closed-ended USD medium-term fixed-income fund, ranked third with one-year total returns of 10.35%, according to Bloomberg.

This recognition underscores SCUBE Capital’s investment prowess, disciplined investment approach, and deep understanding of local credit markets. While SCUBE funds primarily invest in high-quality USD bonds, they have shown a preference for Indian bonds over other regions.

Hemant Mishr, Co-Founder and CIO of SCUBE Capital, expressed confidence in India’s growth story and highlighted the team’s conviction in India’s strong macroeconomic fundamentals. He emphasized a strategic shift from China to India, citing deflationary risks, defaults by major Chinese companies, and unfavorable geopolitics as factors influencing investor sentiment towards China.

Balaji Swaminathan, Co-Founder & CEO of SCUBE Capital, expressed gratitude for the recognition and reaffirmed the firm’s commitment to helping investors achieve their investment objectives. He emphasized SCUBE’s vision to serve as a bridge for global investors seeking expertise in Asia and India.

SCUBE Capital, a globally regulated fund management company headquartered in Singapore and overseen by the Monetary Authority of Singapore (MAS), boasts a dedicated team of internationally experienced professionals. With a track record of managing investments exceeding USD 50 billion and a collective experience of over 70 years in Asian Fixed Income, SCUBE is committed to delivering institutional investment expertise to its clients. The firm’s solutions-driven approach addresses clients’ evolving investment challenges, ensuring superior returns and client satisfaction.

Isha Gautam

Recent Posts

What Is Typhon Missile System? Philippines Announces Plans To Buy The Weapons System From US

The Philippines has confirmed plans to acquire the US-made Typhon missile system, a move that…

1 hour ago

KJS Cement Case: SC Refuses To Quash 2nd FIR Against Pawan Kumar Ahluwalia

The Supreme Court of India declined to intervene in a case involving Pawan Kumar Ahluwalia…

1 hour ago

Honda And Nissan Outline Ambitious Path To Merger In Industry Restructuring

Japanese car manufacturers Honda and Nissan have announced intentions to combine forces, paving the way…

2 hours ago

Lakshmi Puri Moves Delhi HC Against Saket Gokhale Over Defamation Ruling

Former United Nations Assistant Secretary-General Lakshmi Puri has filed a petition with the Delhi High…

2 hours ago

Tamil Nadu Bakery Honors Ratan Tata With A 7-Foot Ice Cake Statue Featuring His Beloved Dog Tito

A Tamil Nadu bakery unveiled a 7-foot ice cake statue of Ratan Tata with his…

2 hours ago

PV Sindhu Ties The Knot With Venkata Datta Sai In Udaipur: Viral Photos Revealed

PV Sindhu married Venkata Datta Sai in a traditional ceremony in Udaipur on December 22.…

3 hours ago