Serica sizzles in Asian credit space


Ivan Lee
The Serica Credit Balanced Fund, run by Hong Kong-based Serica Capital, has delivered a solid 14% return YTD with 0.66% gain in October, catapulting it to a position among the best-performing funds in the Asian credit strategy area.

A key driver of performance this year has been the fund maintaining a long bias in high-yield credits, particularly in the Chinese property and industrial sectors, which have rebounded the strongest. The fund’s large holdings in bank capital securities have also helped generate the strong returns.

Serica’s credit long/short strategy covers the entire spectrum of