Asian institutions stocking up on junk, says Neuberger Berman
Even traditionally conservative Asian institutions are being drawn to non-investment grade US debt vehicles, notably high-yield bonds and CLOs, says Asia-Pacific head Nick Hoar.
Even conservative Asian institutions are turning to US non-investment grade fixed-income products such as high-yield bonds and collateralised loan obligations (CLOs) to generate returns, says Neuberger Berman's Asia-Pacific head Nick Hoar.
The New York-based asset manager is seeing interest from a range of institutions, including sovereign wealth funds, family offices and insurance firms in addition to ultra-high-net-worth investors.
“There are Asian-based insurance companies wh…
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