Why now is the time to buy Asia high-yield bonds

Following this summer's emerging-markets exodus, Asian high-yield corporate bonds present opportunities for selective investors, says UK-based asset manager Aviva Investors.  Fed chairman Ben Bernanke’s hints in May that it would look to curtail its quantitative easing programme led investors to yank billions from EM stock markets. Bond investors followed as EM currencies weakened – India and Indonesia were hit hard given the size of their account deficits. (India's stood at $21.8…