Beset by a lacklustre equity market, Indonesia's relatively buoyant bond market has become practically the only option for its yield-hungry domestic investors.
Fixed Income
Karen Tan, head of investment solutions and managed solutions, Asia, at Pictet Wealth Management discusses current selection trends and how client preferences have evolved in recent months.
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Higher interest rates make cash more attractive for risk-averse asset owners, but fund managers argue other assets may merit consideration.
Strategic gains to be made from the current interest rate environment as well as duration matching benefits, investment heads say.
Strong member inflows to the social security fund are held in time deposits for a lack of alternatives. The investment team is building a case for a much wider mandate.
India's inclusion in a widely tracked emerging market debt index suite will also bolster the local currency's value against the US dollar, said HDFC Pension Fund Management's Sriram Iyer.
Blackstone names APAC head of private wealth solutions; abrdn's fixed income chief in Hong Kong leaves; Matthews Asia hires former DWS APAC CIO; Future Fund appoints additional deputy CIO; MFS IM hires institutional sales executive for Hong Kong from Fidelity; and more.
A Dubai-based senior executive who leads an outsourced chief investment officer (OCIO) business says it's time to hold large amounts of cash as the global economy is not out of the woods yet.
As the sought-after market for green bonds starts to hit a supply ceiling, asset owner involvement will be key to creating new stock.
KMXK Investment cites short-term macro risks as drivers of cautious stance as it remains bullish on region in the long run.
China Life Overseas and Manulife Asia will stick to pivoting portfolios towards fixed income assets into 2024 in preparation for a high-rate environment and evolving insurance rules.
As the market eagerly awaits the next policy move from the Bank of Japan, domestic life insurers are assessing their asset allocations, especially in local government bonds, while eyeing other strategies.