Asia high yield could benefit from US protectionism

Any US protectionist action against Asia could have only a brief negative impact on investor sentiment in the region’s corporate bond market, according to Matthews Asia. This means Asia high-yield debt may represent a good investment opportunity right now as capital continues to flow into the region, notably into the emerging markets of India, Indonesia and Thailand, says Teresa Kong, Portfolio Manager at Matthews Asia. A scaled-back US economic engagement with Asia might not re…