Managers keen on Asian bonds, EMD wins by flows

A survey of global fund managers conducted by HSBC finds investors increasingly bullish on Asian fixed income, while sentiment towards Asian equities is mixed. The survey of 13 global buy-sides finds 75% of managers intend to overweight Asian US dollar-denominated bonds during the fourth quarter of 2012. That is up from only 38% indicating such a position in a similar survey conducted three months ago. The trend holds true for local-currency debt as well, with 63% of those surve…