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Bonds

Mees Pierson ready for expansion into bond fund market

1-MIN READ1-MIN
SCMP Reporter

Mees Pierson, the merchant bank owned by ABN-Amro, is poised for further expansion into the region's market for bond funds.

The company, which manages about US$20 billion worldwide, is considering at least two more bond funds following the recent release of its Asian Bond Fund.

Regional bond funds are in their infancy despite the huge funding levels needed in Asia for infrastructure projects.

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According to a recent World Bank report, six Asian countries are together expected to require about US$8 trillion during the next 10 years.

The company's first Asian bond fund, which is unauthorised in the territory, has raised about US$26 million from several institutional investors.

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The fund focuses on short-term debt but other funds aiming to utilise longer-term instruments are being considered by the company.

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