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$2.3 billion in Chinese fixed-income products.

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
US Treasuries are currently at near historic lows with the dollar showing potential signs of declining value all while inflation appears to be increasing. We believe that Asian government debt may provide an opportunity for investors to find increased total return as real yields are higher than that of most developed government bonds.
Likewise, we think that as China seeks to expand its influence on the global stage and transform the Renminbi (RMB) into an increasingly important trade and reserve currency. Investors could stand to gain from increased stability in multiple currencies across the Asia-Pacific region. This momentum seems to be occurring due to the convergence of the current political landscape and the global market environment. We believe the AGOV ETF could be a diversifier for investors.

