Manulife Hong Kong partners with T. Rowe Price on new income fund

It aims to pay a monthly dividend with the latest annualised yield for Class Ax at 6.89%.

Global asset manager T. Rowe Price has partnered with Manulife Hong Kong to offer its flagship income fund to the insurer’s customers. 

This collaboration combines the companies' investment expertise and distribution network, marking the first time T. Rowe Price's fixed-income expertise is available through Manulife Hong Kong's Investment-linked assurance schemes (ILAS). 

Investors can leverage T. Rowe Price's credit research platform and over 50 years of experience in managing fixed-income assets.

The T. Rowe Price Funds SICAV - Diversified Income Bond Fund aims to meet the growing demand for stable and attractive income potential. The actively managed fund seeks to maximise share value through growth and income from investments, focusing on a diversified portfolio of global debt securities, including emerging markets. 

Its portfolio spans over 15 major fixed-income sectors, more than 80 countries, and over 40 currencies, based on evaluations of valuations, the economic cycle, and market conditions. 

The fund aims to pay a monthly dividend, with the latest annualised dividend yield for Class Ax (US$) at 6.89%, though dividends are not guaranteed and may be paid out of capital.

The fund is managed by Ken Orchard, Head of International Fixed Income with 20 years of investment experience, supported by Vincent Chung from Hong Kong with 10 years of experience. 

Since inception, the fund has generated positive returns through various market cycles and consistently performed in the top quartile of its Morningstar peer group across various periods.

T. Rowe Price has been expanding its offerings to Hong Kong retail investors, with 29 funds authorised by the Securities and Futures Commission (SFC).