EMEAP announces ABF2 moves to implementation phase

The eleven central banks and monetary authorities from East Asia and the Pacific which make up the EMEAP Group announced on Thursday 12 May that the Asian Bond Fund 2 (ABF2) has moved into its implementation phase.

As announced in December 2004, the ABF2 comprises a Pan-Asian Bond Index Fund (which is now named as ABF Pan-Asian Bond Index Fund (PAIF)) and eight Single-market Funds. The PAIF is a single bond fund investing in sovereign and quasi-sovereign local currency-denominated bonds issued