The Most Astute Investors in Asian local currency bonds for 2023

Pan Asia

Rank	Name of Investor	Institution
1	Edward Ng ☆	Nikko Asset Management
2	Wei Ming Cheong	Eastspring
3	Chow Yang Ang ☆	Schroders
4	Adam Tan ☆	Fullerton Fund Management
5	Arsa Indaravijaya ☆	Government Pension Fund
Highly commended	Daniel Lam ☆	HSBC Global Asset Management (Hong Kong)
	Danny Tan	Eastspring
	Dongchan Lee	Blackrock
	Howe Chung Wan ☆	Principal Global Investors
	Joevin Teo ☆	Amundi Singapore
	Prateek Gupta	Millenium Capital Management
	Prakash Gopalakrishnan	Principal Global Investors
	Wai Ho Leong ☆	Modular Asset Management

Greater China

Rank	Name of Investor	Institution
1	Paula Chan ☆	Manulife Investment Management
Highly commended	Bella Tsui	Nanyang Commercial Bank
	Ming Leap ☆	HSBC Global Asset Management (Hong Kong)
	Max Leung ☆	Bank for International Settlements

China

Onshore

Rank	Name of Investor	Institution
1	Wilfred Wee ☆	Ninety One
2	Yi Long 龙艺 ☆	Xinyuan Asset Management
=	Shawn Yuan	Dymon Asia Capital
4	Zhifei Wang 王志飞	Penghua Fund Management
Highly commended	Delong Huang 黄德龙	CITIC Securities
	Zhigang Jin 金志刚	Taikang Asset Management
	Wei Tang 唐薇	Bosera Funds
	Hui Xu 许辉	ICBC Wealth Management
	Bo Xu 许博	China Life Asset Management
	Meng Zheng 郑猛	Huaxia Jiuying Asset Management

Offshore

Rank	Name of Investor	Institution
1	Christine Cheung ☆	Gavekal Capital
2	Helen Lam ☆	Allianz Global Investors

Hong Kong dollar

Rank	Name of Investor	Institution
1	Kiat Hau Siaw ☆	Principal Global Investors
2	Fiona Kwok	First Sentier Investor
3	Jeanette Lee ☆	HSBC Global Asset Management (Hong Kong)
4	Louisa Lee ☆	BOCI-Prudential Asset Management
Highly commended	Himmy Chan	Hang Seng Investment Management

Indian rupee

Rank	Name of Investor	Institution
1	Badrish Kulhalli ☆	HDFC Life Insurance
2	Hardik Shah ☆	Axis Mutual Fund
3	Rahul Goswami ☆	Franklin Templeton Asset Management (India)
4	Durgadutt Dhar ☆	Bajaj Allianz Life Insurance
5	Pankaj Khetan ☆	Tata AIA Life Insurance
6	Devendra Singhvi	Aditya Birla Sun Life Insurance
7	Vidya Iyer ☆	ICICI Prudential Life Insurance
8	Nirmal Gandhi	SBI Life Insurance
9	Anurag Mittal ☆	UTI Mutual Fund
Highly commended	Ankur Shah	HDFC NPS
	Abhishek Bisen ☆	Kotak Mutual Fund
	Dinesh Ahuja ☆	SBI Mutual Fund
	Naresh Kumar	Max Life Insurance
	Saurabh Passi	SBI Life Insurance
	Tejas Soman	SBI Mutual Fund
	Vivek Sharma	Nippon India Mutual Fund
	Vidyanand Joshi	SBI Pension Fund

Indonesian rupiah

Rank	Name of Investor	Institution
1	Ezra Nazula ☆	Manulife Investment Management
2	Akbar Syarief ☆	Danareksa Investment Management
3	Syuhada Arief ☆	Manulife Investment Management
4	Anil Kumar ☆	Ashmore Asset Management
5	Angky Hendra ☆	Batavia Prosperindo Asset Management
6	Mardiana Wirasmi	Syailendra Capital
7	Djumala Sutedja ☆	BNP Paribas Asset Management
8	Thomas C Kaloko ☆	Batavia Prosperindo Asset Management
9	Edwin Ridwan	BPJS Ketenagakerjaan
Highly commended	Andy Rachman ☆	Bahana TCW Investment Management
	Andre Varian	AIA
	Akuntino Mandhany	Mandiri Manajemen Investasi
	Dimas Yusuf	Sucorinvest Asset Management
	Darma Yudha	PT Trimegah Asset Management
	Gilang Triadi	Batavia Prosperindo Asset Management
	Laras Febriany	Manulife Investment Management
	Soufat Hartawan ☆	Schroders

Malaysian ringgit

Rank	Name of Investor	Institution
1	Edward Teo ☆	AIA
2	Teng Yue Xiang ☆	AmFunds Management
3	Kah Kit Low ☆	RHB Asset Management
4	Hasaliza Hassan ☆	Etiqa Insurance & Takaful
5	Ahmad Raziq Bin Ab Rahman	AHAM Asset Management
6	Melissa Lee Li Mei	Etiqa Insurance & Takaful
7	Chu Keng Pang ☆	Etiqa Insurance & Takaful
8	Leo Lai Yan Cherng	Great Eastern Life
Highly commended	Celeste Yap Poh Kam	Hong Leong Assurance
	Chan Yin Mei ☆	Great Eastern Life
	Muhd Taufiq Saifuddin ☆	AHAM Asset Management
	Siti Hajar Binti Khalid	Employees Provident Fund
	Shahrul Annuar Musa	AIIMAN Asset Management
	Thou Min Xi	AHAM Asset Management
	Yew Yang Ng	Kumpulan Wang Persaraan(Diperbadankan)
	Zaharudin Haji Ghazali ☆	Public Mutual

Philippine peso

Rank	Name of Investor	Institution
1	Gail Pineda ☆	BDO Unibank
2	Lodevico Ulpo ☆	ATRAM Trust Corporation
3	Dino Aquino ☆	Security Bank
4	Jerome Briz ☆	Metrobank
5	Joe Lucero ☆	BPI Asset Management Trust
6	Ginny Pecana ☆	Metrobank
7	Giovanni Ong ☆	AB Capital Trust
Highly commended	Angelique Aquino ☆	ex-BDO Unibank
	Bettina Bautista	Sun Life Financial
	Json Clemente	BDO Unibank
	Jean De Castro	Manulife Investment Management
	Karen Lopez	Security Bank

Singapore dollar

Rank	Name of Investor	Institution
1	Wayne Chew ☆	Allianz Global Investors
2	San San Goh ☆	Lion Global Investors
3	Xiangle Heng ☆	UBS Wealth Management
4	Rohit Garg	Alphadyne Singapore
5	Melvin Lee	Fullerton Fund Management
Highly commended	Guat Cheng Ong	Fullerton Fund Management
	Huey-juien Tan	AIA
	Ian Chong	Nikko Asset Management
	Jeremy Huang	Pinebridge
	Kwee Peng Ong ☆	AIA
	Kumar Rachapudi	Southern Ridges Capital
	Kevin Foo	AIA
	Matthew Kok	Eastspring
	Robin Wang	First Sentier Investor
	Shiva Iyer	Morgan Stanley Investment Management

Taiwan dollar

Rank	Name of Investor	Institution
1	Jeff Lee 李荣洲 ☆	Yuanta Bank
2	Jessica Hsu 许雅菁 ☆	Agricultural Bank of Taiwan
Highly commended	Javin Chuang 庄冠群	Taiwan Cooperative Bank
	Greenland Chen 陈孟麟 ☆	Fubon Bank
	Vanessa Hsieh 谢采纹 ☆	Bank Sinopac
	Michael Kuo 郭政铨 ☆	Chang Hwa Bank
	Ryan Peng 彭智炜	Transglobe Life Insurance

Thai baht

Rank	Name of Investor	Institution
1	Tanandon Cholitkul ☆	Kasikorn Asset Management
2	Mayura Tinthanasan ☆	SCB Asset Management
3	Pardung Songatigamas ☆	AIA
4	Teerasan Dutiyabodhi ☆	Eastspring Asset Management
5	Chajchai Sarit-Apirak ☆	Kasikorn Asset Management
6	Panodphol Tantawichian	Kasikorn Asset Management
Highly commended	Arj Seriniyom	Thai Life Insurance
	Ariya Temrungsitornrat	AIA
	Charl Chaikittikorn ☆	Krungthai-AXA Life Insurance
	Ekkapong Rungrojpanichkul	Government Pension Fund
	Pipat Naranunt	MFC Asset Management
	Peeravit Limdeachapun	SCB Asset Management
	Worrawat Siripanich	Social Security Office
	Varoon Boonrumluektanom	SCB Asset 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.

Methodology

In 2023, almost 250 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.