What is the benchmark – iBoxx ABF Singapore Bond Index – made up of?
The iBoxx ABF Singapore Bond Index is an indicator of investment returns of debt obligations denominated in Singapore dollars issued or guaranteed by the government of Singapore (or any other Asian government of People’s Republic of China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore or Thailand, collectively (the “Asian Governments”)), by an agency or instrumentality of the Singapore government (or any other Asian Government), by a Singapore government (or any other Asian Government) sponsored entity or a quasi-Singapore government (or any other Asian Government) entity and Singapore dollar denominated debt obligations issued by supranational financial institutions. Currently, the iBoxx ABF Singapore Bond Index comprises only of bonds denominated in Singapore dollars issued by the government of Singapore (e.g. bonds issued by MAS) and Singapore government agencies (e.g. bonds issued by HDB, LTA). The Fund may in the future invest in bonds denominated in Singapore doll
