Unlocking high-quality Asian bond opportunities in uncertain times
As a new round of monetary easing sets in, Asian bonds are coming into greater focus for their higher yields and diversification benefits. Arthur Lau, head of Asia ex Japan fixed income at PineBridge Investments, says to manage today’s market uncertainty active bond selection matters more than ever.
Two themes figured prominently in the Asian bond market this year: the US-China trade dispute and monetary easing.
On one hand, rate cuts by the US Federal Reserve and several Asian central banks provided a positive backdrop for Asian bonds. With developed market bonds offering negative to negligible yields, higher-yielding Asian bonds became harder to ignore. Fundamentals remain sound as Asian corporates continue to see an improving trend on their net leverage, which is driven by…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.