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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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