The firm's regional head of sales, Charmian Wan, says Asian institutions are looking at less traditional fixed-income plays such as convertible bonds for the first time.
With credit hard to come by and stocks looking cheap, Asian convertible bond issuance may be set to increase, says Skander Chabbi of BNP Paribas Investment Partners.
Fast-growing firms in Asia have stepped up issuance of convertible bonds, which often perform well in a rising interest-rate environment, notes Edmond de Rothschild AM.
The Asian convertible-bond market is still struggling to attract interest from new types of investors, despite a strong performance last year and a healthy pipeline of issues due in 2010.
Asian CBs have proved hugely popular since March last year, which has piqued the interest of Asia-based investors, says Natalia Barazal of Lombard Odier.