What stops Asian instos from investing in munis

The record inflows into US municipals – or fondly referred to as munis – have earned the asset class several mentions on global news headlines, but that doesn’t mean that Asian investors have fully warmed up to these assets just yet. While they have proven to be very popular among Korean institutional investors, a Thai insurer told AsianInvestor that the country’s insurance companies don’t typically invest in munis, primarily due to the lack of familiarity. “Munis have certain t…