The annual report details the performance and financial position of the ABF Singapore Bond Index Fund, Singapore’s first exchange traded bond fund. The Fund's objective is to achieve investment results that closely correspond to the total return of the iBoxx ABF Singapore Index before fees and expenses. The portfolio is concentrated in high quality, Singapore government and quasi-government bonds, typically denominated in Singapore dollars. The review period shows the Fund achieved significant net gains on the value of its investments and a resulting increase in total return over the previous financial year. The document also outlines the Fund's governance and risk mitigation framework.
• The Fund’s portfolio maintained a dominant focus on sovereign fixed income securities issued by the government
• Management successfully mitigated the primary financial risks faced by the investment vehicle, focusing particularly on interest rate movements
• The entity responsible for managing the Fund underwent a name change effective shortly after the financial year concluded
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