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BlackRock Asian Tiger Bond Fund

It’s Asia’s moment. Make it yours too.

  • IMPORTANT

    • The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund invests in certain emerging markets and may be subject to political, tax, economic, social and foreign exchange risks. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.

    IMPORTANT

    • The Fund may invest in debt securities that are subject to actual or perceived ratings downgrade. The Fund invests in certain emerging markets and may be subject to political, tax, economic, social and foreign exchange risks. An increase in interest rates may adversely affect the value of the bonds held by the Fund. The Fund may invest in non-investment grade and unrated bonds that may be subject to higher default, volatility and liquidity risks. The Fund invests in bonds issued or guaranteed by governments or authorities, which may involve political, economic, default or other risks.
    • The Fund is subject to currency risk, foreign investments restrictions risk, geographical concentration risk in Asian Tiger countries, liquidity risk, securities lending counterparty risk, currency conversion risk including Renminbi denominated Classes and contingent convertible bonds risk.
    • Class 6 Shares and Class 10 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion. Class 8 Shares pay dividends gross of expenses and/or from capital at the Directors’ discretion and include interest rate differentials arising from share class currency hedging. Negative interest rate differentials may decrease the dividends paid. Paying dividends gross of expenses may result in more income being available for distribution; however these shares may effectively pay dividends from capital – may amount to a partial return or withdrawal of an investor’s original investment or capital gains. All declared dividends result in an immediate reduction in the NAV price of the share class on the ex-dividend date.
    • The Fund may use derivatives for hedging and for investment purposes. However, usage for investment purposes will not be extensive. The Fund may suffer losses from its derivatives usage.
    • The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.
    • Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.

    Investment Objective

    The Asian Tiger Bond Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in the fixed income transferable securities of issuers domiciled in, or exercising the predominant part of their economic activity in, Asian Tiger countries. The Fund may invest in the full spectrum of available securities, including non-investment grade. The currency exposure of the Fund is flexibly managed.

Why invest in the BlackRock Asian Tiger Bond Fund?

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Add Asia and help your portfolio meet its full potential

Blend Asian credit with global fixed income to help broaden your sources of return and build a more resilient portfolio as market conditions change.
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Unlock income and growth beyond traditional credit

From local currency to convertible bonds, capture differentiated opportunities for compelling yield potential, supported by BlackRock’s regional expertise.
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Catch the moment for Asian credit

As more investors look for income and diversification, be early to Asia’s bond opportunity. Make the move before the crowd gathers pace – with a top-quartile strategy^.

Why Asia matters now

Asian credit can complement your global and U.S. fixed income exposure by adding a broader set of opportunities – helping you navigate a more fragmented environment. Here are three reasons why the region deserves a closer look:

  • Growth that stands out
  • Shorter duration, less rate sensitivity
  • A more contained default cycle
4.8%
Forecasted growth of Asia ex-Japan region1

Faster than the U.S., developed markets and other emerging market regions – helping support a compelling long-term backdrop for the region.

4.5
Average duration of Asian credit, in years2

Shorter than U.S. and global corporate bonds, which may help reduce sensitivity to rate moves, for lower volatility.

1.9%
Projected default rate of Asia ex-Japan high yield bonds3

Lower than other regions and pointing to a more stable credit backdrop.

1Bloomberg, 30 April 2026. There is no guarantee that any forecasts made will come to pass.
2BlackRock, as of 30 April 2026. There is no guarantee that any forecasts made will come to pass.
3JP Morgan, 15 May 2026. There is no guarantee that any forecasts made will come to pass. Other regions: Emerging markets high yield, US high yield, Europe high yield.

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Frequently asked questions

  • Asian credit refers to bonds issued by governments, government-related entities and companies across Asia. As a deep, multi-sector market, investors use it because it is another source of income and return potential that isn’t solely driven by the same forces as US- or Europe-heavy bond markets.

  • If your portfolio is heavily tilted to traditional global fixed income, adding Asian credit may help balance risk and return potential when markets shift. One simple way to think about it: blending Asian credit with global fixed income means you’re not relying on just one region or one interest-rate cycle. Asian bonds can also be influenced by regional growth, domestic demand, and issuer fundamentals, which may make them a complement to more US rate-driven bond exposure.

  • Asian credit can extend beyond the bonds typically found in traditional indices, into areas such as local currency debt, convertible bonds and securitized assets. This creates a broader set of return sources and can support a more diversified portfolio. The BlackRock Asian Tiger Bond Fund invests across this wider opportunity set, rather than focusing only on the bonds most commonly represented in standard benchmarks.

  • Many Asian issuers are more domestically focused, regulated or policy-linked, which can help reduce sensitivity to external shocks. This includes sectors such as financials, utilities and infrastructure, where policy support and defensive cashflows can add resilience, as well as parts of tech where exposure can be gained through bonds or convertible bonds. Less than 4% of the Asian credit market is exposed to tariff risk*, and with a wide mix of countries and sectors, active management can help identify appealing opportunities across a more dispersed market.