Economic fundamentals, cheap valuations and market structure combine to buttress China and Asia credit, according to Pinebridge Investments’ Asia ex-Japan fixed income head.

Economic fundamentals, cheap valuations and market structure combine to buttress China and Asia credit, according to Pinebridge Investments’ Asia ex-Japan fixed income head.
Despite the coronavirus, China’s onshore defaults were lower year-on-year in the first quarter.
Structural transformations already underway will accelerate as a result of the global pandemic, according to senior fund manager Christopher Lees.
Pinebridge believes that Asia bonds are a safe haven asset class, but it is wary of Latin America exposure.
Four of TMBAM Eastspring’s fixed-income funds have been terminated due to a flood of redemptions, eliciting comments from Thailand’s deputy PM.
Tactical deployment of futures and options strategies can provide portfolio protection while maintaining the fund’s thematic commitment, according to a JP Morgan Asset Management macro strategist.
How are fixed maturity products vulnerable during extreme global market turmoil?
The multi-billion dollar fund has lifted its cash weighting, reduced equity exposure and trimmed an already low allocation to sub-investment grade credit.
The March sell-off is presenting further buying opportunities in Asian equities, according to Pictet AM.
Allianz GI is the latest to join the trend of launching income-generating mixed-asset portfolios that have Reits as a key component.
Part of the Mark Allen Group.