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SUPPLEMENT 24<br />

PineBridge Asia Equity Opportunities Fund<br />

Supplement 24 to the Prospectus dated 29 March,<br />

2011 for PineBridge Global Funds<br />

This Supplement contains specific information in relation to<br />

PineBridge Asia Equity Opportunities Fund (the "Sub-<br />

Fund"), a sub-fund of PineBridge Global Funds (the<br />

"Fund") an open-ended umbrella unit trust authorised by<br />

the Central Bank pursuant to the Regulations.<br />

This Supplement forms part of and should be read in<br />

conjunction with the Prospectus for the Fund dated 29<br />

March, 2011 and any Supplements thereto, which contains<br />

the general description of:<br />

- the Fund and its management and administration;<br />

- its investment restrictions and borrowing powers;<br />

- its general management and Fund charges;<br />

- the taxation of the Fund and of its Unitholders;<br />

- its risk factors; and<br />

- names of all other sub-funds of the Fund<br />

which is available from the Manager 30 North Wall<br />

Quay, IFSC, Dublin 1, Ireland.<br />

PineBridge Investments Ireland Limited is the Manager of<br />

the Fund. The Directors of the Manager are set out in the<br />

main body of the Prospectus.<br />

The Directors of the Manager accept responsibility for the<br />

information contained in the Prospectus and this Supplement.<br />

To the best of the knowledge and belief of the Directors<br />

(who have taken all reasonable care to ensure that<br />

such is the case) such information is in accordance with<br />

the facts and does not omit anything likely to affect the<br />

import of such information. The Directors accept responsibility<br />

accordingly.<br />

The audited financial information for the Fund will be sent<br />

on request to any Unitholder.<br />

An investment in the Sub-Fund should not constitute a<br />

substantial proportion of an investment portfolio and<br />

may not be appropriate for all investors.<br />

Definitions<br />

"Asian Region" includes Bangladesh, Hong Kong, India,<br />

Indonesia, South Korea, Malaysia, Pakistan, The People's<br />

Republic of China, The Philippines, Singapore, Sri Lanka,<br />

Taiwan and Thailand.<br />

1. Investment Manager<br />

The Manager has appointed PineBridge Investments Singapore<br />

Limited, 1 Robinson Road, # 12-02 AIA Tower,<br />

Singapore 048542, Singapore to act as investment manager<br />

in relation to the Sub-Fund. The Investment Manager<br />

has the responsibility for the investment management, on<br />

a discretionary basis, of the assets of the Sub-Fund.<br />

The Investment Manager was incorporated in 1996 to<br />

undertake investment activities in this region, covering<br />

PineBridge Asia Equity Opportunities Fund<br />

developed and emerging market equities and bonds, private<br />

equity and direct investments. As at 31 December,<br />

2010 the Investment Manager had SGD 10.8 billion assets<br />

under management.<br />

The Investment Manager is a wholly owned subsidiary of<br />

Bridge Partners and also a member company of Pine-<br />

Bridge Investments. PineBridge Investments provides<br />

investment advice and markets asset management products<br />

and services to its clients around the world. It operates<br />

as a multi-strategy investment manager in 32 countries<br />

and jurisdictions, with USD 82.1 billion in assets under<br />

management as of 31 December, 2010. PineBridge<br />

Investments is a leading asset manager with long-term<br />

track records across listed equity, fixed income and alternative<br />

investments strategies, and a rich heritage managing<br />

assets for one of the world’s largest insurance and<br />

financial services companies.<br />

2. Investment Objective<br />

The Sub-Fund seeks to achieve long-term capital appreciation<br />

by investing in equity and equity-related securities<br />

of companies whose assets, products or operations are in<br />

the Asian Region. The Sub-Fund may also invest in Vietnam.<br />

3. Investment Policy<br />

A major proportion of the Sub-Fund's assets will be invested<br />

in larger companies with the remainder invested in<br />

smaller companies with superior earnings potential.<br />

The Investment Manager believes that performance of<br />

equities over longer periods of time is driven by the progression<br />

of earnings. The Sub-Fund will strive to add value<br />

by identifying stocks with superior sustainable earnings<br />

performance. The stock selection will also be influenced by<br />

valuation levels, but only to the extent that factors have<br />

been identified which are expected to drive valuation potential<br />

to be realised in terms of earnings progression.<br />

On a regional basis, the investment universe is categorised<br />

according to growth potential. This classification<br />

process incorporates the background of each company's<br />

historical growth patterns, resulting in an informed assessment<br />

of future prospects.<br />

Companies in the investment universe will be classified as<br />

follows:<br />

1. Exceptional growth prospects (normally, relatively<br />

new companies or companies going through radical transformation).<br />

2. High and stable growth.<br />

3. High but cyclical growth.<br />

4. Low or no growth, which are sub-divided into (a)<br />

stable, (b) cyclical and (c) turn-around situation.<br />

Distinct quantitative and qualitative criteria are set forth for<br />

buy and sell decisions.<br />

Investments will be selected on a total return basis, considering<br />

both the potential capital appreciation and yield of<br />

each issue although capital appreciation considerations<br />

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