The Most Astute Investors in Asian local currency bonds for 2021

Pan Asia

Rank	Name of Investor	Institution
1	Christine Cheung ☆	GaveKal Capital
2	Chow-Yang Ang ☆	Schroders Investment Management
3	Dongchan Lee	Blackrock
4	Guat-Cheng Ong	Fullerton Fund Management
5	Edward Ng ☆	Nikko Asset Management
6	Wei-Ming Cheong ☆	Eastspring Investments
7	Arsa Indaravijaya ☆	Government Pension Fund
8	Daniel Lam ☆	HSBC Global Asset Management
9	Zaharudin Haji Ghazali ☆	Public Mutual
9	Joevin Chin-Ker Teo	Amundi
Highly commended	Zeyi Ang	Allianz Global Investors
	Desmond Fu ☆	Western Asset Management
	Mohit Khurana	Southern Ridges Capital
	Esther Law ☆	Amundi Asset Management
	Wai Ho Leong	Modular Asset Management
	Yijun Li	Prudence Investment Management
	Daniel Ng	ICPRC
	Danny Tan ☆	Eastspring Investments
	Praveen Visesh	Modular Asset Management
	Howe Chung Wan	Principal Global Investors
	Yii-Hui Wong	Nikko Asset Management

Greater China

Rank	Name of Investor	Institution
1	Paula Chan ☆	Manulife Investment Management
2	Ken Yung ☆	Manulife Investment Management
3	Morgan Tsai 蔡調舜 ☆	KGI Securities
4	Eric Liu	Harvest Global Investments
5	Ming Leap	HSBC Global Asset Management
6	Isaac Meng	PIMCO
7	Chris Lau	Invesco
7	Morgan Lau	Fidelity Investments
9	Kelvin Ng	Hang Seng Investment Management
10	Honyu Fung	AXA Investment Management
Highly commended	Arvin Joseph Avelino	Bangko Sentral NG Philipinas
	Thomas Chan	Primas Asset Management
	Ethan Lin	Bank of Communications
	Jian Ma 马健	PingAn Asset Management
	Bella Tsui	Nanyang Commercial Bank
	Ben Yuen	BOCHK Asset Management

China renminbi

Onshore

Rank	Name of Investor	Institution
1	Jiayi Yew ☆	UBS Asset Management
2	Echo Chen	Pictet Asset Management
3	Wilfred Wee	Ninety One
Highly commended	刘劲松	ICBC Wealth Management
	龙艺	Xinyuan Asset Management
	胡星	Income Partners
	Xuefeng Zhang 張雪峰	AllianceBernstein

Offshore

Rank	Name of Investor	Institution
1	Helen Lam ☆	Allianz Global Investors
2	Oscar Shaoyang Wang	BOCHK Asset Management
2	Chris Tang	Fubon Bank
4	Ma Tao	ICBC Asset Management

Hong Kong dollar

Rank	Name of Investor	Institution
1	Kiat Hau Siaw	Principal Global Investors
2	Jenny Chau ☆	Shanghai Commercial Bank
3	Louisa Lee	BOCI-Prudential Asset Management
4	Jeanette Lee ☆	HSBC Global Asset Management
5	Helen Lam ☆	Allianz Global Investors
Highly commended	Amber Chen	China Citic Bank International
	Nicole Hsieh ☆	First State Investments
	Brian Ip	Bank of East Asia
	Chris Tang	Fubon Bank
	Oscar Shaoyang Wang	BOCHK Asset Management

Indian rupee

Rank	Name of Investor	Institution
1	Badrish Kulhalli ☆	HDFC Standard Life Insurance
2	Suyash Choudhary ☆	IDFC Asset Management
3	Hardik Shah	SBI Life Insurance
4	Dinesh Ahuja ☆	SBI Mutual Fund
5	Naveen Sharma ☆	Canara HSBC Oriental Life Insurance
6	Rahul Goswami ☆	ICICI Prudential Asset Management
7	Vidya Iyer	ICICI Prudential Life Insurance
7	Durgadutt Dhar	Bajaj Allianz Life Insurance
9	Naresh Kumar	Max Life Insurance
10	Devang Shah ☆	Axis Mutual Fund
Highly commended	Abhishek Bisen	Kotak Mahindra Asset Management
	Shilpita Guha	UTI Retirement Solutions
	Pankaj Khetan ☆	Tata AIA Life Insurance
	Anurag Mittal ☆	IDFC IDFC Asset Management
	Sandeep Nigudkar	SBI Mutual Fund

Indonesian rupiah

Rank	Name of Investor	Institution
1	Ezra Nazula ☆	Manulife Aset Manajemen Indonesia
2	Akbar Syarief ☆	Mandiri Manajemen Investasi
3	Angky Hendra ☆	Batavia Prosperindo Aset Manajemen
4	Soufat Hartawan ☆	Schroders Investment Management
5	Syuhada Arief ☆	Manulife Aset Manajemen Indonesia
5	Anil Kumar ☆	Ashmore Asset Management
7	Djumala Sutedja ☆	BNP Paribas Asset Management
8	Mardiana Wirasmi Marnoto ☆	Danareksa Investment Management
9	Andy Rifandy Rachman ☆	Bahana TCW Investment Management
10	Fitri Lindawati Lubis	Allianz Indonesia
Highly commended	Genta Wira Anjalu	Insight Investments Management
	Adi Gemilang	Maybank Asset Management
	Thomas C Kaloko ☆	Batavia Prosperindo Aset Manajemen
	Hengky Tambunan ☆	Eastspring Investments
	Melissa Tjahyasurya ☆	Batavia Prosperindo Aset Manajemen

Malaysian ringgit

Rank	Name of Investor	Institution
1	Hasaliza Hassan ☆	Etiqa Insurance & Takaful
2	Mohd Hakimi Yusof ☆	RHB Asset Management
3	Teng Yue Xiangs ☆	Principal Asset Management
4	Chu Keng Pang ☆	Etiqa Insurance & Takaful
5	Kho Hock Khoon ☆	AmFunds Management
6	Ahmad Raziq bin Abdul Rahman ☆	Affin Hwang Asset Management
7	Taufiq Saifuddin ☆	Aiiman Asset Management
8	Yin-Mei Chan	Great Eastern Life Assurance
9	Kah Kit Low	RHB Asset Management
10	Edward Teo	AIA
Highly commended	Lee-Kuan Khok ☆	Kumpulan Wang Persaraan (KWAP)
	Vivian Looi	Public Mutual
	Mazhar bin Mazlan	Etiqa Insurance & Takaful
	Muhamad Fairuz Nazmi	Lembaga Tabung Haji
	Pei Chen Ng ☆	AIA

Philippine peso

Rank	Name of Investor	Institution
1	Jose Miguel B Liboro ☆	ATRAM Trust Corporation
2	Bettina Bautista ☆	Sun Life Asset Management
3	Angelique Aquino ☆	BDO Unibank
4	Lodevico Ulpo	ATRAM Trust Corporation
5	Gail Pineda	BDO Unibank
6	Dino Aquino ☆	Security Bank
7	Patrick Ching	Union Bank of the Philippines Trust
8	Jerome Briz ☆	BPI Asset Management and Trust Corporation
9	Kathrina J Dizon ☆	Philam Life
10	Ginny Pecana ☆	Metrobank Trust
10	Jean De Castro ☆	Manulife Investment Management
Highly commended	Angelo Cerin ☆	BDO Private Bank
	Micah Chua	BPI Asset Management and Trust Corporation
	Gladys Lim-Buenaventura ☆	BPI Investment Management
	Joe Lucero	BPI Asset Management and Trust Corporation
	Giovanni Ong	ATRAM Trust Corporation

Singapore dollar

Rank	Name of Investor	Institution
1	Wayne Chew ☆	Allianz Global Investors
2	San-San Goh ☆	Lion Global Investors
3	Cynthia Peck ☆	Tokio Marine Life Insurance
4	Adam Tan	Fullerton Fund Management
5	Alvin Ong ☆	Manulife Investment Management
6	Melvin Lee ☆	Fullerton Fund Management
7	Xiangle Heng	UBS Wealth Management
8	Jing-Kai Ng	Western Asset Management
9	Kevin Foo	AIA Financial
10	Lisa Jeo	Tokio Marine Life Insurance
Highly commended	Toh Chieh Chu	Lion Global Investors
	Kwee-Peng Ong ☆	AIA Investment Management

Taiwan dollar

Rank	Name of Investor	Institution
1	Greenland Chen 陳孟麟 ☆	Taipei Fubon Commercial Bank
2	Shou-Jen Chan 詹守仁	Taiwan Cooperative Bank
2	Jessica Hsu 許雅菁 ☆	Agricultural Bank of Taiwan
4	Jeff Lee 李榮州 ☆	Yuanta Commercial Bank
5	Kate Hou 侯季淳	Fubon Life
6	Vanessa Hsieh 謝采紋	Sinopac Bank
7	Roger Wu 吳宗霖	Hua Nan Commercial Bank
7	郭政銓	Chang Hwa Commercial Bank
7	Kelvin Chang	Taishin International Bank

Thai baht

Rank	Name of Investor	Institution
1	Tanandon Cholitkul ☆	Kasikorn Asset Management
2	Yuttapon Wittayapanitchagorn ☆	SCB Asset Management
3	Chajchai Sarit-Apirak ☆	Kasikorn Asset Management
4	Mayura Tinthanasan	SCB Asset Management
5	Charl Chaikittikorn ☆	Krungthai-AXA Life Insurance
6	Teerasan Dutiyabodhi ☆	TMB Asset Management
7	Peerapong Kitjakarn	Krungthai Asset Management
8	Theerapab Chirasakyakul	Krungsri Asset Management
8	Pipat Naranunt	MFC Asset Management
10	Surajak Kotikula	Allianz Ayudhya Assurance
Highly commended	Woraphot Khunaprasit	SCB Asset Management
	Photchanee Makkaphan	SCB Asset Management
	Chulin Narumitpuncharoen	Bank of Thailand
	Surachai Pornchaitipparut	TISCO Asset Management
	Pardung Songatigamas ☆	AIA Investment Management

☆ Top ranked for the past three consecutive years or longer.

Note: Highly commended investors are ranked in alphabetical order by their last name.Some individuals are featured in several of the rankings according to the local currency bond market(s) they cover.

*Featuring investors covering the onshore renminbi bond market and at least one of the following markets: Taiwan dollar, Hong Kong dollar or offshore renminbi bond markets.

Methodology

In 2021, over 200 individuals including analysts, economists and strategists, salespeople and traders in Asian local currency bonds were invited by the Asset Benchmark Research to nominate the ten most Astute investors, based on their knowledge of the credits and markets, trading skill and acumen in making investment decisions.

As such the ranking also includes investors who are not included in absolute return or performance assessments. The nominations collected are subject to the rating of the individual casting the vote.

Based on the nominations received, the top ten Astute Investors with the highest weighted score are ranked by geographic location.