Asian fixed income has hit record levels of foreign ownership, but stickier offshore investors should preclude a 1997-style crash, says Western Asset's Lian Chia-Liang.
Tag : asian debt
They doubt the Fed's third round of quantitative easing will drive inflows into the region's debt market or solve any of Asia's long-term economic problems.
Big fund houses have been scaling up their emerging market and corporate debt exposure, particularly in Asia, but note concerns about the scarcity of assets.
