M&G (Lux) Asian Local Currency Bond Fund is an active bond fund from M&G Investments, ISIN LU2832873512.
Active
Bond
Asia Pacific
Fund size (GBP) £4.5B
The Fund aims to provide a combination of capital growth and income that is higher than the Asian bond markets over any three-year period, while applying ESG Criteria.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−4.1%Q4
1 year return
–
3 year return
–
5 year return
Chart type
Compare with
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month+0.8%
3 months+0.6%
Volatility, 1 year6.0%
Ongoing charge (OCF)
Fund size (GBP)£4.5B
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Sovereign85.5%
Real Estate3.9%
Financial services2.8%
See all sectorsA free account shows the full list.
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
India19.1%
South Korea17.8%
Malaysia15.3%
See all countriesA free account shows the full list.
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Indian Fixed Interest19.1%
South Korean Fixed Interest17.8%
Malaysian Fixed Interest15.3%
See all asset classesA free account shows the full list.
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
1. HOUSING & DEVELOPMENT BOARD0.9%
2. AIA0.7%
3. AIMS APAC REIT0.6%
4. PTT GLOBAL CHEMICAL0.5%
5. SUNTEC REAL ESTATE INVESTMENT TRUST0.5%
See all holdingsA free account shows the full list.
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 1 year6.0%
Scale 0 to 40%
Sharpe ratio, 1 year (FE)−0.01
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 1 year
−9.1%
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 4 Jul 2026.
Fund facts
Legal and cost facts for a client note. As reported by the manager.
ISIN
LU2832873512
Management company
M&G Luxembourg S.A.
Depositary
State Street Bank International GmbH, Luxembourg Branch
Benchmark
Markit iBoxx ALBI ex-China Onshore, ex-China Offshore ex-Taiwan Net of Tax Custom Index
Ongoing charge
Share class launch date
16 Jul 2024
Domicile
LU
Fund type
open-ended fund
What a sum would have become
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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