ETC Gavekal Asia Pacific Government Bond ETF
The AGOV ETF is currently the only ETF dedicated to investing in Asian government bonds listed on a US stock exchange.

An Asian Bond ETF by The Experts
Realizing the importance of the opening to foreigners of the Chinese fixed income market, Gavekal was one of the first firms to launch a UCITS (European Union) fund solely dedicated to investing in RMB (Chinese currency) bonds in 2012. Nine years later, Gavekal currently manages over US$850m in Chinese fixed-income products as of 5/5/2023.

Why Invest in Asian Bonds
Owning government bonds can offer positive real rates and may be denominated in undervalued currencies set for a re-rating against a falling US dollar. Such government bonds are typically found in Asia.

ETC Gavekal Asia Pacific Government Bond ETF
The ETC Gavekal Asia Pacific Government Bond ETF (AGOV) seeks to provide absolute positive returns through investment in the government bonds of Asian countries, predominantly in local currencies. We believe that investors are well-positioned to the potential growth for the following reasons:

US Inflation Concerns

Positive Real Rates

Asian Currency Exposure
A Case for Investing in Asian Bonds
The past couple of years have marked a sea-change for most asset allocators: since Covid, the correlation between long-dated US government bonds and US equity markets has stopped being negative. Instead of reducing risk for portfolios, long-dated US government bonds have recently been a drag on portfolio performance, even as equities struggled. This leaves investors facing a quandary: where can proper diversification be found?
Our contention is that Asian government bonds may be such a place, for a number of reasons.

