2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |2010 | 2009 | 2008 | 2007 | 2006 |

• A feeder fund which invests its assets into the FSSA Asian Equity Plus (for equities) and the First State Asian Quality Bond Fund (for fixed income) which are managed separately by two portfolio managers.
• Equity investment philosophy is largely bottom-up driven. Centres on identifying quality companies and holding them for the long term. For the fixed income strategy, the portfolio is largely investment-grade, and managed with both top-down macro (FX, rates, duration) and bottom-up security selection factors in mind.
• Target asset allocation is 50:50 but may fluctuate based on market movements. The fund will engage rebalancing such that the exposure to each asset class does not exceed 60% at any one time.
• Portfolio is well diversified; the equity sleeve has 58 holdings and the fixed income sleeve has 225 holdings as of 31 March 2023. 
• Moving forward, the fund manager will continue to favour high-quality equities with strong fundamentals. For fixed income, the fund’s portfolio duration has recently reverted to neutral in US rates.

Fund Investment Style

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023

About the Fund Managers

First Sentier Bridge is a feeder fund which invests all or substantially all of its assets in the First Sentier Asian Equity Plus Fund (for equities) and the First Sentier Asian Quality Bond Fund (for fixed income). 

The equity portion is managed by Martin Lau, while the fixed income portion is managed by Nigel Foo. The fund is supported by twenty investment professionals based in Hong Kong and Singapore in the equity team, alongside eight investment professionals in the fixed income team. 

The equity portion team applies research-driven bottom-up selection, focuses on quality companies, carries out strong valuation discipline, invests in long-term perspective and acts conservative with an absolute return mind-set. Meanwhile, the Asian Fixed Income team’s investment philosophy is driven by three key principles of flexibility, research and risk management. The team’s investment process is a combination of both top-down and bottom up approaches that enables the team to focus and prioritise pertinent risks and opportunities to deliver long term consistent risk adjusted performance.