The top performers chart for the past year is dominated by emerging markets and high yield bond funds. The period takes in many of the precipitous falls in the fixed income markets through 2022 as rates rose aggressively to combat soaring inflation, as well as the rally and subsequent volatility of this year.

High yield was aided by being short duration as rates increased, while many emerging markets funds were able to profit from the falling US dollar.

We have scoured all of the fixed income funds available to Hong Kong and Singapore investors to identify the best 20 performers over the past 12 months. Here are the results:
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