Manulife Philippines has launched a US-dollar denominated fund that generates returns through a mix of Asian currencies, interest rates and investment-grade bonds.

The Asia-Pacific Bond Fund is designed to maximise potential total returns over a medium-to-long term period through capital appreciation and income generation. Investments are brought into mostly investment-grade, fixed-income securities issued by governments, agencies, supra-nationals and corporate issuers from across the Asia-Pacific region.

"The Asia-Pacific Bond Fund is a good alternative investment outlet for investors given its investment-grade quality. The fund aims to generate competitive returns not only from interest rates and credits, but also through the potential appreciation of Asia currencies such as the Chinese yuan," said Indren Naidoo, the president and chief executive of Manulife Philippines. 

The fund is managed by the Asia fixed-income team of Manulife Asset Management. It is available as one of the investment options under the firm's Affluence Max product, which is a single-pay, variable life insurance offering.